Warehouse profit warning raises concerns about outlook for core business, acquisitions

Wed, 25 Jun 2014

By Tina Morrison June 25 (BusinessDesk) - Warehouse Group's profit warning last week, which erased $94 million from the retailer's market capitalisation, has raised concerns about the outlook for both its core business and the success of its acquisition strategy. The company's shares have shed 8.1 percent since it announced on Friday that profit this year would be lower than it previously estimated as it cuts margins to boost sales of seasonal winter stock at its core 'red shed' stores which have been crimped by warmer weather, and after...

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