Warehouse shares plunge, bakeries shut on essential services update

By Victoria Young | Thu, 26 Mar 2020


Warehouse Group shares fell 18 percent after it confirmed its 92 "Red Shed" general merchandise stores wouldn't be staying open during the covid-19 lockdown.Confusion has reigned over the past few days as businesses have scrambled to work out which are essential services and can therefore operate during the lockdown, which is expected to last four weeks. Those which aren't essential have to shut their premises but can still have staff work from home. Warehouse shares fell as much as 37 cents, or 18.3 percent to $1.65. Trading was halted on...