Trade Resources Industry Views Total Sales Lifted by a "Modest" 0.3 Per Cent to $712 Million

Total Sales Lifted by a "Modest" 0.3 Per Cent to $712 Million

Challenging business conditions for small-to medium-sized businesses dampened sales at Officeworks in the half-year to 31 December.

The Wesfarmers subsidiary said it achieved “solid” earnings growth of 11.8 per cent to $38 million during the half year and continued to improve its business-to-business channel and increase its online sales.

Total sales lifted by a “modest” 0.3 per cent to $712 million, with store sales “flat”.

Wesfarmers home improvement and office supplies managing director, John Gillam, said Officeworks continued to face competitive pressure on sales and margins.

He said the office supplies division was focused on the execution of its strategic initiatives, which included driving  its “every channel” agenda and reducing the complexity and cost of doing business.

Source: http://www.stationerynews.com.au/news/officeworks-reports-modest-first-half-sales
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Officeworks Reports Modest First Half Sales
Topics: Office Supplies