The Warehouse could be fined half a million dollars if it's found to have breached NZX continuous disclosure rules in relation to Covid-19

The group said yesterday its Red Shed stores would remain open during the four week lock down.

However, this was a premature statement as the government is today making it clear Warehouse stores should close.

When the Warehouse made the announcement, their shares jumped more than 40 percent but a trading halt has now been placed on them.