New Zealand’s Warehouse Group plans to spend as much as NZ$100 million (51 million euros) the next five years opening new stores and expanding its product range to grab a bigger share of New Zealand’s retail market.

The country’s largest discount retailer, 10 percent-owned by Australia’s Woolworths, will build as many as eight general merchandise stores to add new locations and increase floor space as much as 5 percent.

It will build as many as 10 stationery outlets to add to its current 47, to increase sales, improve national coverage and almost double the division’s margins by 2014.

Warehouse group reported a half-year profit, excluding one- time costs of NZ$29 million. Sales fell 1.2 percent amid weak consumer spending and increased competition.