Warehouse risking its (red) shirt on 'every day low price' sales strategy

Fri, 21 Sep 2018

By Nikki Mandow Sept. 21 (BusinessDesk) - The “A” word lurks behind any conversation with The Warehouse Group - Amazon. What to do about a problem like the world’s most profitable internet retailer setting up on your doorstep? Or about the exponential transformation of the way people buy stuff - towards online shopping. The problem hit The Warehouse big-time in late 2016. Christmas shoppers at the Red Sheds - which bring in almost 80 percent of the group operating profit - didn’t shop like they used to, margins were severely squeezed,...

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