The Warehouse Group's chief executive says the retail giant has the ingredients to make a major comeback

It's reporting an annual net loss of 2.76 million dollars - a major improvement from last year's 54.2 million dollar loss.

Noel Leeming is performing the best, with revenue up 3.3 percent.

Mark Stirton says 1.7 million people come through the Group's doors across its brand.

He says its an impressive number considering New Zealand's population - and they're working to convert those walk-ins to good sales.