Building materials retailer Cashbuild (CSB) said on Tuesday that revenue in the first quarter of the current financial year was up by 29% on the first quarter of the previous financial year.
Stores opened since 1 July 2007 (new stores - 10 stores) contributed 4% of the increase, and existing stores (162 stores) contributed 25%.
Transactions through the tills increased by 6% with new stores adding 4% and existing stores contributing 2%.
Units sold increased by 31% (existing stores: 26% increase).
One new store was opened during this quarter, as well as two old stores being closed (in towns where two stores were trading in close proximity), bringing the number of stores trading at the end of the quarter to 172.
No stores were refurbished or relocated during this quarter. Eight new stores and one relocation are planned for completion during the second quarter of this financial year. – I-Net Bridge
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