UPDATE: Warehouse rated a 'sell' as investors await proof 2015 will show return on investments

Tue, 16 Sep 2014

(Adds chairman comment from 10th graph) By Tina Morrison Sept. 16 (BusinessDesk) - Warehouse Group faces a year of reckoning as investors await evidence that New Zealand’s largest listed retailer will get a return on the hundreds of millions of dollars spent overhauling stores and buying new businesses in the past couple of years. Under chief executive Mark Powell, Warehouse has outlaid $115.8 million in capital expenditure on its iconic ‘red shed’ general merchandise stores over the past two years after what was considered almost a de...

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