26 Mar 2011

Loss reduced by retailer

5:44 am on 26 March 2011

Postie Plus has reduced its half year loss, by dint of stronger sales and a reduction in distribution costs.

The clothing retailer made a net loss of $750,000 in the six months to the end of January, a reduction of 32% on the same period a year ago when where it lost $1.1 million.

Chief executive Ron Boskell says the improvement was driven by a 5% increase in sales and distribution savings.

However, retail trade conditions continue to be difficult and he says it is important to be cautious about expectations.