The Warehouse expects net profit to double

The Warehouse expects net profit to double
Rebecca Stevenson
Listed retailer The Warehouse Group said today it expected net profit after tax of more than $160 million for the full financial year, after reporting $80.7m net profit after tax in the previous financial year.In a statement to the NZX, the company said its third-quarter sales rose 35% to $791.2m when compared with the same time last year, with Noel Leeming sales rocketing 21.2%.It said sales growth was underpinned by significant growth in Noel Leeming and Torpedo7, continuing their growth and turnaround performances of the past year.However, i...

More Retail

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.

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
ComCom targets Foodstuffs with supplier charge crackdown
Retail

ComCom targets Foodstuffs with supplier charge crackdown

Only Foodstuffs co-operatives charge suppliers for merchandising.

Gregor Thompson 11 Jun 2025