Foodstuffs South Island Lim ited Annual Report 2011 Sum m ARy ...

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During what was once again a difficult and competitive
trading environment, we are pleased to report that The
Four Square Group has once again had a good trading
year achieving a sales growth of 4.94%.
The group continued to focus on the ‘Fresh’nUp’
campaign with operators’ emphasis on maintaining
high store standards and focusing on customer
services. The group has also improved their fresh
foods offer whilst food safety and ranging remained
a priority along with focus on loss prevention, liquor
compliance and staff/owner training and development.
Highlights during the year included a ‘new look’ weekly
circular, gross profit alignment through retail pricing
analysis, the holding of regional forums along with
the addition of Four Square Lyttelton to the family
which unfortunately was affected by the 22 February
Earthquake and is currently under repair.
The Henry’s BWS group has continued to grow and
consolidate in the South Island. The number of stores is
now 18 with the latest addition being Greymouth which
opened in October 2010. June 2010 saw the Timaru
store move into new premises in the completed Highfield
Mall development. Both of these stores are an excellent
example of the future of traditional liquor retailing.
The highlight during the last 12 months has been the
very successful roll out of the new branding and signage.
This has given the group a very vibrant but down-toearth
look and ensures that Henry’s continues to lead
the way in store standards and presentation. In addition
to the rebranding of the stores the group’s website has
also been updated and now includes many new and
interesting features.
Fly Buys continues to develop under the Henry’s brand
and is now emerging as a very strong sales tool as
customer awareness grows.
The group has achieved very good sales and customer
growth during the last financial year and continues to look
for opportunities to further increase store numbers.