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

Firm wants to make purchasing cannabis super easy
Retail

Firm wants to make purchasing cannabis super easy

Verano invites shoppers to grab a basket and get their pot direct off the shelf.

Consumer confidence ticks up in June
Retail

Consumer confidence ticks up in June

The ANZ-Roy Morgan Consumer Confidence index lifted 6 points to 98.8 in June.The future conditions index – made up of forward-looking questions – rose 8 points to 104.8, recovering last month’s fall. The current conditions index rose 3 points to 89.8.Perceptions of current person...

Staff reporters 27 Jun 2025
Grocers butter up shoppers in ‘yellow gold’ price fight
Retail

Grocers butter up shoppers in ‘yellow gold’ price fight

Foodstuffs co-ops and Woolworths say they sell butter below cost.

Gregor Thompson 27 Jun 2025
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