Grocery adds lustre to the Red Sheds

Where everyone gets a bargain? (Image: The Warehouse)

Tue, 14 Nov 2023

The Warehouse’s big box footprint is shrinking in its traditional markets, but the saving grace for the Red Sheds remains its latest foray into the grocery market. The retailer’s sales shrank across the board in the 13 weeks ended Oct 29, most sharply in its Torpedo7 sporting goods chain, but the 6.7% fall to $713.3 million in total sales outpaced the 0.1% contraction in core retail sales across the wider industry, slicing half a percentage point from the Warehouse’s market share to 9.1%. In sayin...

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