Only the fittest, most savvy retailers will survive - and Warehouse positing to be one of them

Thu, 23 Nov 2017

By Rebecca Howard Nov. 24 (BusinessDesk) - Only the fittest and most savvy retailers will survive the digital era and Warehouse Group is accelerating its transformation plan, chair Joan Withers and chief executive Nick Grayston said in notes for the annual general meeting in Auckland today. Warehouse's share price has fallen around 30 percent since the annual meeting a year ago, a "serious concern," Withers said. The stock last traded at $2.04 versus around $3 at the prior AGM. "Globally, retailers are besieged and only those who are th...

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