ODT

DunedinMay 1

Pay extremes, contracts debated

For a politician who believes in minimal regulation, Workplace Relations Minister Michael Woodhouse says he is working on an ''awful lot'' of workplace regulation.

BusinessMay 8

Warehouse Group sales improving

Red Shed sales continued to grind higher in the three months ended April as customer numbers and basket sizes improved, Craigs Investment Partners broker Chris Timms said yesterday.

BusinessSeptember 13

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.

BusinessJuly 23

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.

BusinessJuly 3

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.

BusinessMay 8

'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.

BusinessMarch 4

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.

BusinessDecember 11

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.

BusinessDecember 10

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.

BusinessNovember 23

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.

BusinessNovember 5

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.

BusinessSeptember 7

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.

BusinessSeptember 4

Warehouse faces difficult trading

The Warehouse is expected to book increased revenues and sales for its full-year result on Friday, but squeezed margins and increasing competition are expected to knock profits back.

BusinessJune 4

Warehouse cash injection from site leaseback sales

The Warehouse is seeking to raise $100 million from selling four sites in sale and leaseback agreements, with the proceeds reinvested in the company.

BusinessMarch 30

Plan to delist from ASX

The Warehouse has decided to delist from the Australian stock exchange following a review of the costs and benefits of retaining the ASX slot.

BusinessMarch 9

Contrasting profits from high-profile retail chains

Two of New Zealand's most high-profile retail chains reported contrasting profits yesterday with both The Warehouse and Briscoe Group gaining praise from brokers.

BusinessMarch 6

'Dividend growth unlikely'

The Warehouse interim result for the six months ended January was unlikely to create much excitement in the market, Craigs Investment Partners broker Chris Timms said yesterday.

BusinessSeptember 16

Path back to profit 'marketing 101'

The Warehouse appears to be going back to basics after delivering a disappointing full-year result where after-tax profit was down almost 9% to $76 million, at the bottom end of earlier guidance and well below analysts' expectations.

BusinessMay 13

Canterbury quake helps Warehouse

Restocking of damaged Christchurch houses and businesses helped The Warehouse report improved sales for the three months ended May 1.

BusinessMarch 11

Lower sales mean lower profit for The Warehouse

Gross margins were maintained but lower sales in the six months ended January 31 meant lower profits for The Warehouse Group.

BusinessFebruary 8

New CEO for The Warehouse

The appointment of Mark Powell as the new chief executive of The Warehouse Group was accepted yesterday without any market reaction.

BusinessSeptember 10

Warehouse profits down; lifts payout

Profits for The Warehouse were slightly down on last year but shareholders were nevertheless rewarded with a special dividend for the second year running, and the prospect of more to come.

BusinessSeptember 8

Warehouse tipped to stay on par

Bellwether retailer The Warehouse is expected to post flat full-year results tomorrow amid declining market share, discounting to shift stock, and scoured profit margins.

BusinessJuly 16

Rebounds after crisis end, global markets flatten

Investors have had a reality check in the last two months as global equity markets have lost this year's gains, and some of last year's as well, Forsyth Barr broker Suzanne Kinnaird says.

BusinessMay 18

Sales fall at The Warehouse

The Warehouse Group Limited reported a drop in sales in the third quarter, after continued contraction in the music and DVD market, and warm weather affecting sales of winter apparel and heating.