Retail sector a mixed bag as earnings approach, analysts say

Retail sector a mixed bag as earnings approach, analysts say
Analysts don't expect The Warehouse Group to recover soon. (Image: NZME)
Gregor Thompson
Analysts have high and low hopes for the country’s listed retailers, three of which will report earnings in the coming days. First on the list is The Warehouse Group, which will report its interim earnings to Jan 26 on Friday.In a trading update released in March, the retail group said half-year sales fell 1.6% to $1.607 billion but eased to a 0.9% drop in the second quarter. Jarden equity analyst Guy Hooper said it would be interesting to see how that 1.6% decline is divided between the segments.“I suspect Noel Leeming po...

More Markets

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Why this firm wants to be the waste king of the north
Retail The Small Cap Wrap

Why this firm wants to be the waste king of the north

Plus, New Talisman's success spurns auditor, Esquires to India, and more.