Warehouse Group shares rise after cost cut signals

Warehouse Group shares rise after cost cut signals
John Journee was appointed as Warehouse Group director in 2013, he's currently acting CEO. (Image: Supplied)
Gregor Thompson
The market responded positively to The Warehouse Group’s plans to “reshape its business around its three core brands”.On Tuesday morning, the group – which operates The Warehouse, Warehouse Stationery and Noel Leeming – told the New Zealand exchange (NZX) it would disestablish six of its nine group executive leadership roles.“We're not where we need to be, and we must act decisively to fix that," interim chief executive John Journee said.By market close yesterday, the company's share price had ri...

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