‘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

KMD Brands dips 5% on ‘disappointing’ update
Retail

KMD Brands dips 5% on ‘disappointing’ update

The downgrade was driven by a 6.4% drop in Kathmandu sales.

Gregor Thompson 19 Jun 2025
Inventory discrepancies toy with Zuru’s NZ accounts
Retail

Inventory discrepancies toy with Zuru’s NZ accounts

Zuru NZ's accounts are filed, but there are caveats.

Denise McNabb 17 Jun 2025
Freedom Furniture bought by Australian competitor
Retail

Freedom Furniture bought by Australian competitor

Freedom Furniture has been snapped up by competing retailer Amart, according to media reports.The Australian Financial Review (AFR) reported on Monday that Amart, which Quadrant Private Equity backs, intends to grow Freedom Furniture’s footprint from 60 stores in Australasia to b...

Gregor Thompson 16 Jun 2025
Woolworths signals job cuts as online cellar closes
Primary Sector

Woolworths signals job cuts as online cellar closes

Woolworths NZ said Vineonline employs 19 people.

Gregor Thompson 12 Jun 2025