Foodland Associated Limited has reported a 6.2 per cent sales increase for the fourth quarter of 2003-04 to $1.5 million.
FAL managing director Trevor Coates said the sales growth was driven by differing factors in the grocery company’s different markets.
“In Western Australia the impact of the growing popularity of the customer loyalty program was apparent, supporting the market share gains Action made on the back of the acquisition of the five Newmart stores in November 2003,” he said.
Action recorded a 6.1 per cent sales growth for the final quarter.
In New Zealand the combination of new store openings, consolidation of store brands and refurbishments contributed.
Mr Coates said the performance in Queensland was driven by the refurbishment of the company’s stores there.
“The initial success of the frequent shopper program in Australia and the acceleration of the progress made in New Zealand demonstrates that we can continue to perform in an environment where industry participants are competing at unprecedented levels to attract shoppers,” he said.