Baby Bunting appoints Gary Kent to Board

Company News

by Anna Napoli

Baby Bunting (ASX:BBN) has announced Gary Kent will join the board as a non-executive director.

Kent has an extensive background in the retail and services sector and has spent 18 years with the Coles Myer and Coles Group, during which time his roles included Group General Manager for Finance at Kmart and Myer.

More recently he has served as CEO of the Western Bulldogs AFL Club.

2018 has been a challenging year for the retailer with its margin performance adversely affected by the distressed trading of competitors and liquidation of stock.

However, the baby retailer has posted strong trading for the 2019 financial year to date with comparable store sales growth of 9.6 per cent and total sales up 17 per cent on the same time last year.

Shares in Baby Bunting (ASX:BBN) trading 1 per cent lower at $2.07.