CORRECT Warehouse warns margin squeeze, investment programme will trim first-half earnings

Fri, 22 Nov 2013

(Fixes spelling of Graham Evans’ name in 2nd graph, updates share price in 6th graph) By Paul McBeth Nov. 22 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, expects lower first-half earnings as margins at its flagship Red Sheds come under pressure and it spends more on adjusting to a new competitive environment. Adjusted net profit after tax is expected to be below $46.7 million in the first half after sales growth at its Red Sheds in the first quarter didn’t translate into larger earnings. Also contributing to a m...

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