Woolworths has just revealed its third quarter sales figures for the 13 weeks to 5 April 2009, recording an impressive $12.3 billion, Big W and Dick Smith also recorded exceptional results.
The results demonstrate an increase of 6.5 per cent, excluding petrol and Easter sales, when this is factored in however the retailer boasts a growth of 9 per cent over the quarter.
“We are pleased to report another strong overall sales result. Woolworths continues to reinvest in all its businesses to improve our stores, create jobs, add services, deliver value, and create an even better experience for our customers,” said Woolworths CEO, Michael Luscombe.
“This result reflects the continued positive response from our customers to these reinvestment strategies.”
Big W witnessed an increase of sales of 9 per cent (9.7 per cent Easter adjusted) and continues strong momentum from a strong first half performance.
“This is another strong result which reflects customers’ acknowledgement of the great value and range offered by Big W,” said Big W general manager, Julie Coates.
“Big W is well positioned in the current environment and continues to deliver on its’ everyday low price position.”
Total Consumer Electronics sales also witnessed strong growth with a 16 per cent growth (16.3 per cent Easter adjusted), where Dick Smith stores in Australia were up 15.8 per cent (14.5 per cent Easter adjusted).
It was highlighted that the new format Dick Smith stores have been performing well and the six new stores which were opened in the quarter take the total number up to 434.