Warehouse whittles down divisions in bid to cut costs

Mon, 09 Jan 2017

By Paul McBeth Jan. 10 (BusinessDesk) - Warehouse Group, which issued a profit warning in the run-up to the key Christmas trading period, will trim down its organisational structure in a bid to cut costs, bundling its stationery and 'Red Sheds' into one division and its Noel Leeming and Torpedo7 groups into another. The country's biggest listed retailer wants to strip out "significant cost" by cutting duplication across the groups, though it won't provide details until its first-half result is announced in March. The new structure will s...

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