19 Apr 2013

Bunnings and Kmart report strong growth

8:11 am on 19 April 2013

The Australian owner of Bunnings and Kmart says both retailers have reported strong sales growth in the March quarter.

Wesfarmers has 50 Bunnings stores in New Zealand.

On both sides of the Tasman, sales at Bunnings rose 6.7% to $A1.8 billion, while Kmart sales rose 3.6% to $A842 million, compared to the same quarter a year ago.

Wesfarmers managing director Richard Goyder says sales at Bunnings stores in New Zealand were marginally weaker than those in Australia, but it was still a strong performance.

He says Kmart has been good for a period of time in New Zealand and continues to trade in a positive way.

Wesfarmers is listed on the Australian stock exchange and also owns the Coles supermarket chain and Lumley Insurance.