11 Nov 2011

Warehouse sales boosted by Cup gear

3:16 pm on 11 November 2011

Sales of Rugby World Cup gear boosted first-quarter sales at The Warehouse.

New Zealand's largest listed retailer says its red sheds made sales of $323 million in the 13 weeks to the end of October, 2.3% more than in the same period a year ago.

Sales at stores open more than a year rose 2.1%.

On a same store basis, sales at Warehouse Stationery stores rose 0.3%.

Forsyth Barr retail analyst Guy Hallwright says the figures are encouraging.

Shares in the Warehouse were up 3 cents to $3.33 on Friday morning.