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...

More Retail

Hospitality tech firm Bustle brewing up success
Retail

Hospitality tech firm Bustle brewing up success

App for cafes is steaming ahead with a plan to grow to 5000 customers in three markets.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

Gregor Thompson 02 Apr 2025
Are all Willis’ duopoly-breaking options really on the table?
Retail Analysis

Are all Willis’ duopoly-breaking options really on the table?

A survey of her external adviser's views suggests not.

Gregor Thompson 01 Apr 2025