The Warehouse's top heavy wages don't match performance

The Warehouse's top heavy wages don't match performance
The Warehouse Group runs The Warehouse, Noel Leeming and Warehouse Stationery stores. (Image: Alex Cairns)
Gregor Thompson
The Warehouse Group's shares fell to a record low of $0.97 on Monday after forecasting earnings would fall at least 64% year-on-year.Shares ended the day's trading down 8.4% at $0.98.Despite the share price continually falling from above $4 in late 2021, analysis shows the company has continued to pay large sums of money to senior staff.Former chief executive Nick Grayston was paid more than any of his retail counterparts in the 2023 financial year, earning a total of $2.79 million.Not only did he receive performance pay for both long-t...

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