The Warehouse is strapping in for a very bumpy year

The conglomerate, which includes Warehouse Stationary and Noel Leeming, is forecasting a major dive in its full-year-earnings.

Earnings before interest and tax are expected to reach 30-million dollars at most - a 64-percent drop on the last financial year.

The company sold Torpedo7 for one-dollar this year, its chief executive abruptly left, and it's closing down its online store, TheMarket.