The Warehouse Group sales decline eases

Interim CEO John Journee says trading conditions remain challenging but there are “some positive signs”. (Image: NZME)

Fri, 08 Nov 2024

The Warehouse Group’s sales decline eased slightly in the first quarter of the financial year.The group, which comprises The Warehouse, Noel Leeming and Warehouse Stationery stores, reported total sales of $668 million for the 13 weeks to Oct 27, a decrease of 2.5% compared with the same period last year.The contraction represented a relative improvement on the 5.9% year-on-year decline experienced in the final quarter of last year.Interim chief executive John Journee said the trading conditions remained challenging, but th...

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