Third-quarter sales down across the board.

 

New Zealand’s Warehouse Stationery has reported a 6.1 per cent decline in sales for the third quarter compared to the previous corresponding period.

 

The company noted that sales were up 4.5 per cent compared to FY20 Q3.

 

Online sales decreased 14.2 per cent compared to the same quarter last year, due to softer back-to-school sales, a decline in online traffic and some stock availability issues.

 

The Warehouse Group’s store-within-a-store (SWAS) integration programme for the office supplies division continues, with four new SWAS conversions during the quarter bringing the total SWAS to 31 stores.

 

The Warehouse Group CEO Nick Grayston said, “The trading environment continues to be very challenging with high inflation impacting consumer spending, shipping delays affecting the group’s stock availability, and some customers remaining hesitant to return to stores in person. Despite these factors, Q3 has held up relatively well with a solid performance across the group.”