Bunnings, the leading retailer of home improvement and outdoor living products in Australia and New Zealand, announced a record result for its New Zealand business in the 2015 financial year.
The business reported sales of $899 million for the year, an increase of 10.5% on last year. There were also increases in earnings and the level of returns for the year.
The all-round breadth of trading performance was a highlight, with sales increasing in consumer and commercial areas and across all merchandising categories.
Bunnings New Zealand general manager Jacqui Coombes says the business continues to enjoy strong momentum.
“The record result shows how well customers are responding to all the work the company has done to deliver them stronger value, bring them new products and provide better experiences.
“Bunnings has been operating in New Zealand for 13 years, and across that time sales have more than quadrupled from the $210 million or so they were at the end of 2002,” Ms Coombes says.
“It is an amazing achievement, and a testament to great teamwork right across the country.
“A highlight for the 2015 year was the opening of our first multi-level store in the Auckland suburb of New Lynn.
Significant opportunity for growth
“There remains significant opportunity for growth across the country, and we look forward to bringing the Bunnings ‘lowest price, widest range, best service’ offer to more and more people throughout the country.”
At the end of the 2015 financial period, Bunnings employed more than 3700 team members, and operated 25 warehouses, 19 smaller format stores and six trade centres in New Zealand.