NZ grocery sales boost Foodland

The company has announced overall group growth of 8.6% on a comparable store basis for the quarter ended April with strong growth in all its grocery divisions.

In New Zealand sales at the Foodtown, 3 Guys and Coustdown stores rose 7.3% compared with the same quarter last year, which the company says reflects customer reaction to its $180 million refurbishment and expansion programme.

Foodland's wholesale business in New Zealand also recorded creditable growth at 9% over last year on the back of strong performances by Progressive's FreshChoice and SuperValue franchise group members.

Outright sales increased 13.6%, including ongoing supply to Rattrays, no longer owned by Progressive.

Although Farmers' sales rose by 5.5% the company says margins were compressed in the hardgoods categories and by brand repositioning activity.

It also says comparable store sales were low, reflecting transfer of existing sales to new stores in Botany and Glenfield stores.

Foodland announced in March it was closing or rebranding its underperforming Deka chain of stores and says work on changing three of the stores to Farmers outlets has begun with another 13 conversions planned.

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