Interviews
Coles Myer sales up 8.8% for 13 weeks ended April 24, 2005
23 May '05
6 min read
kmart reported a sales increase of 4.1% for the quarter, with comparative sales up 2.9%. highlights for the quarter included footwear and accessories, toys and home divisions. brands such as living with deborah hutton homewares, and girl xpress and now in apparel continue to perform strongly, reflecting kmart's focus on enhancing its merchandise range, marketing and product offer to the customer.
kmart's sales were in line with expectations, however an early easter and warm april impacted trading conditions during the period. myer increased sales by 3.0% for the quarter, an improvement on the same period last year. comparative sales increased by 2.0%. myer's lift was driven by sales growth in key areas, reflecting customer acceptance of progressive improvements across the business. sales were up in men's, cosmetics, accessories, footwear, intimate and miss shop, but sales in women's were lower than expected, primarily due to the unusually warm weather over the period. electrical sales improved with a new merchandise strategy focusing on the latest and hottest items. myer one continues to build momentum, with more than 428,000 members accounting for about 18% of myer's sales.
megamart reported a fall in sales of 1.8% for the quarter, which, although disappointing, was an improvement on q2 fy05. comparative sales were also down 1.8%. key areas of megamart's new customer offer have seen immediate sales improvements, with double-digit increases in news shop, but sales in women's were lower than expected, primarily due to the unusually warm weather over the period. electrical sales improved with a new merchandise strategy focusing on the latest and hottest items. myer one continues to build momentum, with more than 428,000 members accounting for about 18% of myer's sales.
kmart's sales were in line with expectations, however an early easter and warm april impacted trading conditions during the period. myer increased sales by 3.0% for the quarter, an improvement on the same period last year. comparative sales increased by 2.0%. myer's lift was driven by sales growth in key areas, reflecting customer acceptance of progressive improvements across the business. sales were up in men's, cosmetics, accessories, footwear, intimate and miss shop, but sales in women's were lower than expected, primarily due to the unusually warm weather over the period. electrical sales improved with a new merchandise strategy focusing on the latest and hottest items. myer one continues to build momentum, with more than 428,000 members accounting for about 18% of myer's sales.
megamart reported a fall in sales of 1.8% for the quarter, which, although disappointing, was an improvement on q2 fy05. comparative sales were also down 1.8%. key areas of megamart's new customer offer have seen immediate sales improvements, with double-digit increases in news shop, but sales in women's were lower than expected, primarily due to the unusually warm weather over the period. electrical sales improved with a new merchandise strategy focusing on the latest and hottest items. myer one continues to build momentum, with more than 428,000 members accounting for about 18% of myer's sales.
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