The Warehouse

The Warehouse set for growth

The Warehouse set for growth

Improving economic indicators in New Zealand should help underpin earnings growth for The Warehouse Group in the 2014 financial year, Forsyth Barr broker Suzanne Kinnaird said yesterday.

Warehouse praised for 'career' wage

Warehouse praised for 'career' wage

Details of The Warehouse Group's ''career retailer wage'', released yesterday, would put pressure on other retailers, Craigs Investment Partners broker Greg Easton said.

Structural changes inspire confidence

Structural changes inspire confidence

A warmer start to winter causing strong discounting for The Warehouse was masking positive structural changes taking place within the group, Craigs Investment Partners broker Chris Timms said yesterday.

'Career wage' initiative widely welcomed

'Career wage' initiative widely welcomed

The introduction of a ''career retailer wage'' on August 1 was welcomed yesterday by long-serving staff members at The Warehouse in South Dunedin.

Warehouse Group buys online retailer

The Warehouse Group, which reports its first-half profit this week, will spend up to $33 million buying online retailer Torpedo7, but brokers say the physical presence of the large retailer will not diminish.

Reduce recommendation on Warehouse shares

Forsyth Barr has downgraded The Warehouse shares to reduce following the retailer's acquisition this week of the Noel Leeming Group for $65 million.

The Warehouse buys chain

The Warehouse buys chain

Opinion remained divided yesterday following the purchase of consumer electronics chain Noel Leeming Group by The Warehouse for $65 million, less than half of what the chain was bought for in 2004.

Warehouse tips higher full-year

Warehouse tips higher full-year

Retailer The Warehouse has tentatively said it expects to beat last year's adjusted after-tax profit of $65.2 million, but remains highly cautionary over crucial January sales and overall economic conditions.

Mixed quarter for Warehouse as Red Sheds flat

The Warehouse Group, the country's largest listed retailer, provided some "reasonable numbers" for the three months ended October 28 but very little detail, Craigs Investment Partners broker Chris Timms said yesterday.

Warehouse profit rise

The Warehouse yesterday reported a 15% increase in annual after-tax profit of $89.8 million, but that was underpinned by a total $25.4 million in one-off gains from property sales and the release of warrant provisions.

Syndicate content