Warehouse launches self-branded financial services, two credit cards, and signals pre-pay mobile coming

Fri, 06 Nov 2015

By Fiona Rotherham Nov. 6 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, has launched its long-heralded financial services brand, Warehouse Money, offering two credit cards and five new insurance products, and also announced plans to launch a pre-pay mobile brand later this month. The Warehouse aims to grow its lending book to $600 million within five years at which points it expects the financial services arm will add $30 million to earnings before interest and tax. Warehouse posted a 5.9 percent drop in profit...

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