The Office Times

Warehouse Stationery registers slight sales decline

New Zealand retailer Warehouse Stationery reported a 2.6% decline in same store sales in the fourth quarter.

The Warehouse group CEO Nick Grayson said: “While sales were flat, the business reduced costs of doing business and this translated into profit leverage. Operating profit increased 10.2 per cent from NZ$14.3 million in FY16 to NZ$15.7 million in FY17. This was a record operating profit for the business.”

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