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

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025