date:Mar 06, 2014
lworths said it remained focused on executing its plan to achieve breakeven in Masters during FY16. Specifically, increasing sales per store, improving gross margin, driving efficiencies in store and increasing fractionalisation of costs in the distribution and support network as sales levels increase.
Home Timber and Hardware sales for the half year were $403 million, up 7.8 per cent on the previous year. Recently refurbished company stores were achieving pleasing growth, with further refurbis