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22 Jul 2024 6:35
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  •   Home > News > Business

    The Warehouse is strapping in for a very bumpy year

    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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     21 Jul: Companies affected by the global IT outage, are unlikely to receive compensation
     21 Jul: Six people came to Bangkok to resolve a business dispute. It ended in murder-suicide by cyanide
     21 Jul: An IT expert believes there'll be a flurry of law suits, on the back of Friday's global IT outage
     21 Jul: Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor
     20 Jul: It appears most retailers and supermarkets here are operating as normal again
     20 Jul: The housing outlook has become clearer in recent weeks - as some mortgage rates get a shake-up
     19 Jul: Several banking services across New Zealand are reportedly being affected by outages
     Top Stories

    RUGBY RUGBY
    No preference of opponent for the Mystics in the elimination final of netball's ANZ Premiership More...


    BUSINESS BUSINESS
    Companies affected by the global IT outage, are unlikely to receive compensation More...



     Today's News

    Politics:
    Tamaki Makaurau MP Takutai Moana Natasha Kemp is taking a leave of absence to recover from kidney disease 5:37

    Rugby:
    No preference of opponent for the Mystics in the elimination final of netball's ANZ Premiership 4:37

    Business:
    Companies affected by the global IT outage, are unlikely to receive compensation 21:57

    Golf:
    Daniel Hillier's hoping the wind gods are again on his side in the final round of golf's Open Championship 21:17

    Politics:
    Olympic rower Mahe Drysdale has strengthened his lead in Tauranga's Mayoral race 18:57

    Politics:
    It could take up to two weeks to resolve 'teething issues' following CrowdStrike outage, Clare O'Neil says 18:37

    International:
    Nina Kennedy, Mackenzie Little and Oliver Hoare all win at the London Diamond League ahead of the Paris Olympics 18:17

    Rugby:
    Confirmation of a big move at Super Rugby level for an All Blacks star 18:07

    Basketball:
    To a double overtime thriller in the National Basketball League playoffs.. 18:07

    Basketball:
    A clutch three-pointer from Taranaki Airs guard Flynn Cameron has sent the first semifinal in the New Zealand National Basketball League to overtime in Christchurch 17:07


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