Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Brumby’s on the rise in New Zealand

April 5, 2006

Brumby’s on the rise in New Zealand

Leading transtasman baking franchise Brumby’s will open two new stores in New Zealand in coming months on the back of strong sales performance.

Brumby’s managing director Michael Sherlock said the franchise currently had 21 stores in New Zealand with the new stores to be in Auckland and Whanagarie.

“Our New Zealand stores are achieving 40,000 transactions per week with growth in existing store sales double the New Zealand retail average,” Mr Sherlock said.

“At the same time we are approaching annually $1.5 million in donations in bread to local charities.

“In the long term our target is at least 60 stores in New Zealand as part of our expansion plans.

Last month Brumby’s reported an 18 per cent rise in half year profit for six months ending December 31, 2006.

That was after achieving an 11 per cent rise in revenue.

Brumby’s also recently signed a memorandum of understanding with a Gulf Co-Operation Council (GCC) member with the aim of opening stores in the Middle East.

The GCC member countries include Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE).

“Brumby’s continues to investigate suitable opportunities to open stores internationally while still focusing on our traditional key markets like New Zealand,” Mr Sherlock said.

Brumby’s, which is listed on the Bendigo Stock Exchange, has more than 300 stores across New Zealand and Australia.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>