vacuum sales resilient in tough times - air purification

The new stores and products have raised the profit of godfreys, a vacuum cleaner retailer, and it expects profits to grow further as it invests in air purification and cordless technology.
The company added 14 stores in the year ended June, helping to increase sales by 5 percentage points due to flat comparable store sales.
Godfreys's net profit is $11, excluding the cost of its November 2014 stock market listing.
5 million, a third increase over the previous year.
The company plans to open about 10 new stores a year and double its product line to support future growth, investing heavily in innovations such as air purification and cordless vacuum cleaners.
"We launched 37 new products last year. . .
We will launch many products in the first six months of this fiscal year . "
Godfreys has also strengthened its resource and product options in China in response to higher costs from the depreciation of the Australian dollar.
"Being able to find high-quality products at a lower dollar cost is one of the secrets we can keep our profits --
It will be good for us, "said Mr crerith.
He added that despite the challenges in the retail market and weak consumer confidence, the comparison store sales in July and August improved.
However, the company is lucky to be in a rather
This helps avoid some of the challenges that other retailers face, Mr creris said.
"Things outside are very unstable and I don't think consumers want to spend easily," he said . ".
"If you have a cleaning device, it's broken and you'll go and buy a new one no matter what the situation is. . .
We may do better when things get tense.
Goldferis is four cents at a price of $3. 00.
GODFREYS * Net profit increased by 34 pct to $11.
5 m * Revenue Growth 5 pct to $182.
6 m * Total final dividend and special dividend 15.