Company Overview and News
Only the fittest and most savvy retailers will survive the digital era and Warehouse Group is accelerating its transformation plan, chair Joan Withers and chief executive Nick Grayston said in notes for the annual general meeting in Auckland today. (1-0)
Investore Property, the property investor spun out of Stride Property last year, said first-half profit more than tripled as acquisitions boosted rental income and it benefited from lower finance costs. (1-0)
The Warehouse has partnered with finance company PartPay to offer an online layby service - just in time for Christmas. (1-0)
The following slide deck was published by Warehouse Group Ltd ADR in conjunction with this event. (1-0)
Warehouse Group's first quarter sales were weaker than the year-earlier period after the retailer changed the pricing strategy at its flagship 'red shed' discount department stores to "everyday low pricing". (1-0)
New Zealand shares hit another record, led by Trustpower and Infratil on earnings upgrades, while Fletcher Building gave back gains. (12-0)
The Warehouse founder Sir Stephen Tindall is taking a year's leave to focus on other work, including Team New Zealand's preparations to defend the America's Cup. (1-0)
The Warehouse has blamed large restructuring costs and asset writedowns for a drop in profit of almost three quarters, and is warning of more costs to come. (1-0)
The 73.9 per cent slide in The Warehouse Group result was mainly due to its ill-considered move into financial services, causing a one-off hit to its bottom-line of $40.1m. (1-0)
The Warehouse Group has posted a 73.9 per cent drop in annual net profit after tax year-on-year after big one-off costs hit the business. (1-0)
The private equity venture ScrumStart, SRKay's Globalization and technology consulting venture, of the multibillion dollar SRK Group, on Saturday, announced the appointment of Santosh Panicker as the CEO.
New Zealand Post and The Warehouse are teaming up to launch Shipmate - a free delivery service in which, for a single payment, shoppers will get an unlimited number of purchases with no delivery fee from participating retailers.
Top brokerage firm Forsyth Barr is warning Amazon may expand into New Zealand shortly after its arrival in Australia next year.
The Warehouse Group's sale of its financial services business after less than two years signals a "very quick turnaround in strategy", according to an analyst.
New Zealand shares gained, led by Stride Property and Warehouse Group, while dual-listed Westpac Banking Corp and Australia & New Zealand Banking Group fell.
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