![]() The company was focused on achieving a strong performance in the second half, which had traditionally provided the profit for the business, he said. "The fact that we achieved this improvement in challenging economic conditions confirms the strength of consumer loyalty to PPGL's brands with Postie Plus, Schooltex and Babycity each continuing to grow market share," said Ron Boskell, group chief executive. "Importantly, the first-half sales growth has ensured that the anticipated first-half loss will be significantly lower than the first-half loss of $2.7 million last year, further continuing an improving trend," the company said. The report came after Briscoe Group reported last week that its fourth quarter sales rose 14.32 percent from the same quarter a year ago. With a Job Profile, recruiters and employers can contact you if your profile matches what theyre looking. The company reports first-half earnings on March 9. Group sales lifted 5.5 percent in the important November-to-January second quarter. Postie has been a great direct mail partner for Thrive Causemetics Our account leads are strategic, knowledgeable and KPI-driven. ![]() Postie Plus Group Ltd said sales increased by 9.25 percent in the six months ended Janucompared to the same period last year. Walker describes Pepkor as “very shrewd operators” and he expects the company’s first priority will be to complete a thorough review of the Postie Plus operations, with a view to tighten the retailer’s range of products and focus on its point of difference.POSITIVE DATA: Postie Plus Group Ltd said sales increased by 9.25 percent in the six months ended Janucompared to the same period last year. “But the infrastructure of department stores in New Zealand is a crowded space like Australia and there is lots of pressure on margins and online is playing a part,” he says. “Postie Plus has an unusual mix of hybrid products and they are very price driven,” Walker told SmartCompany. Pepkor Limited specialises in clothing and footwear, with operations in Southern Africa, Eastern Europe and Australia.īrian Walker, chief executive of the Retail Doctor Group, says the acquisition makes “perfect sense” for Postie Plus, which he says was likely caught up in the general “malaise” affecting the discount department store sector, as well as the business activities of its largest shareholder and former Rich Lister Jan Cameron, who held a 19% stake in the company. “We believe this sale is in the best interests of all creditors and Postie Plus staff.” ![]() “We are very pleased to have been able to complete the sale of the Postie Plus business as a going concern within six weeks of our appointment as administrators,” said Bridgman, who added the sale also means many suppliers will be able to continue trading with the company under its new ownership. However, it appears around 18 Postie Plus stores were closed as a result of the administration process, with the administrators indicating in June the chain was operating 82 outlets. ![]() More than 530 of the retailer’s 560 employees have accepted positions with the new owner. You can opt-out at any time.īridgman and McCloy said in a statement the sale includes 64 Postie Plus outlets as well as the Postie Plus head office in Auckland. You'll also receive messages on behalf of our partners. ![]()
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