The Warehouse Group margins take hit as it deals with ‘legacy issues’

The Warehouse Group margins take hit as it deals with ‘legacy issues’
Interim chief executive John Journee says the company is in transition. (Image: Supplied)
Gregor Thompson
The Warehouse Group interim chief executive John Journee says the transition away from “legacy issues” won’t bear fruit until the next financial year.In half-year results for the six months ended Jan 26, the group reported it had held on to 15.5% of its core retail market share at the expense of margin. After the result, Journee told BusinessDesk the group’s previous strategy over-emphasised “essential products” and that it was moving to rearrange its mix towards “new and fresh" products.While...

More Retail

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025
Hart business tips manufacturing contractor into receivership
Retail

Hart business tips manufacturing contractor into receivership

A spokesperson estimated Hansells Masterton employs 100 people.

Staff reporters 10 Apr 2025
Woolworths' restructure overhauls pay structure
Retail

Woolworths' restructure overhauls pay structure

Supermarket giant Woolworths’ new operating model could lead to pay cuts that will cost experienced workers thousands of dollars, a union claims.But a Woolworths New Zealand spokesperson said the changes would ensure the business had the right expertise, in the right place, at th...

Staff reporters 10 Apr 2025
OfficeMax parent's profits up 34.2%
Retail

OfficeMax parent's profits up 34.2%

By cutting expenses, the online office supplier OfficeMax has boosted its profits. Project Inkquill, the parent company of three OfficeMax entities, reported annual financial statements for the year to Dec 28 to the Companies Office on Wednesday. The firm reported net profit incr...

Gregor Thompson 10 Apr 2025