FEATURE – Can Warehouse boss Powell deliver profits from new investments

Sun, 13 Apr 2014

By Tina Morrison April 14 (BusinessDesk) Warehouse Group, New Zealand’s largest publicly listed retailer, expects its ‘red sheds’ to return to earnings growth next financial year as its store rejuvenation bears fruit and says the success of its drive to expand through acquisitions should be evident within three years. Under chief executive Mark Powell, who notches up three years in the job next month, the company is investing $430 million over five years improving the quality of its private label brands, investing in staff and modernising the...

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