Bond + Bond brand to be merged into Noel Lemming.
The country's biggest listed retailer reiterates its forecast for this year's earnings to beat those in 2012 and sees signs of growth in consumer spending.
Group sales rise to $377.3 million in the three months ended October 28 from $370.4 million in the same period a year earlier.
Third quarter sales rise 3.3% for the Red Sheds, with gains across most goods, although apparel still lags.
Founder Sir Stephen Tindall says further board changes can be expected.
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