Sales slide for vacuum retailer

godfreysSales from vacuum cleaner retailer Godfreys’ New Zealand stores have fallen by 3.4 per cent for the first half of the 2015 financial year.

Sales for NZ were $13.1 million, with gross profit margin coming in at 60.9 per cent, impacted by products sourced from Australia.

It is one a several local retailers to release disappointing half year sales.

There are 29 Godfreys stores in NZ, 11 of which are franchises.

Total sales for the Australia-based company were down 1.6 per cent on a like for like basis, coming in at A$90.6 million

The result is consistent with forecasts following a change in the product mix.

 

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