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.
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.
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.