Following a strong fiscal year report, Bunnings managing director John Gillam described across-the-board growth for the retailer “down under. “
“The all-around breadth of the trading performance was pleasing, with sales growth achieved in consumer and commercial areas, within all merchandising categories and across all regions of Australia and New Zealand,” Gillam said.
The company announced total store sales growth of 11.7%, and comparable-store sales gains of 8.4%.
Bunnings competes in Australia with Masters home improvement stores, a joint venture of Lowe's and Woolworths.
“The good trading performance was matched with actions that strengthened the business during the year. Customers enjoyed added value, as well as more merchandising and service enhancement. Brand reach accelerated with strong digital enhancements and a record number of new Bunnings Warehouses opened,” Gillam said.
Bunnings opened 25 additional trading locations during the year, including 20 new warehouse stores, four smaller format stores and one trade center. At the end of June 2014, there were 223 “Bunnings Warehouse” stores, 64 smaller format “Bunnings” stores and 33 trade centers operating across Australia and New Zealand.