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29 Mar 2024 10:37
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  •   Home > News > Business

    About 6000 employees of the country's largest retailer are getting bonuses - after a tough year

    About 6000 employees of the country's largest retailer are getting bonuses - after a tough year


    The Warehouse Group recorded a drop in net after tax profit to 59 million dollars, for the year to July.

    That's down 13 percent on last year, but slightly higher than the profit guidance released in March.

    It was a mixed bag for The Warehouse Group's stores, with Warehouse Stationary's revenue dropping, and Noel Leeming's up.

    CEO Nick Grayston says it's been a challenging year - but workers have put the effort in.

    He says employees have had to earn the bonus and it's appropriate for their success to be rewarded.

    © 2024 Newstalk ZB, NZCity

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