Warehouse to ditch online entity after poor result

The Warehouse will focus on its core brands.

Wed, 20 Mar 2024

The Warehouse Group made a $23.7 million net loss in six months amid grim retail conditions and a poor performance from the now-discarded Torpedo7.It now plans to sell its underperforming online shopping platform TheMarket.Announcing results for the half-year to Jan 28, The Warehouse Group said it would simplify more to focus on core brands.”It’s time to draw a line under TheMarket.com as a separate entity and shift our marketplace focus to The Warehouse,” the company said.Total group sales were $1.6 billion, down 4.9% on a ye...

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