‘Encouraging’: Warehouse Group Q3 sales up 2.2%

‘Encouraging’: Warehouse Group Q3 sales up 2.2%
Red Shed sales rose 1.9% in the third quarter. (Image: NZME)
Gregor Thompson
The Warehouse Group’s total sales rose 2.2% on year in the third quarter to $710.5 million compared with the same period last year. Interim chief executive John Journee, who has been in the job for nearly a year, said the three months ending April 27 were “an encouraging result”. “February sales performance was strong, while March and April sales showed softer trends; however, [it] still exceeded the same period last year,” he said.  The company maintained previously signalled second-half earnings be...

More Retail

Kitchen Things on brink, $16.6m owed: Administrators
Retail

Kitchen Things on brink, $16.6m owed: Administrators

The retailer made a $4.7m loss in the year to March 2025.

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

The quiet rise of ‘ghost brands’
Retail

The quiet rise of ‘ghost brands’

About 90% of the 80-odd Pita Pit stores now have virtual brands operating in them.

Gregor Thompson 17 Sep 2025
‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025