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Warehouse group posts $54.2m net loss: Can they turn their luck around?

Author
Newstalk ZB,
Publish Date
Thu, 26 Sep 2024, 7:47pm
Significant changes have been proposed at The Warehouse distribution centres around the country. Photo/File.
Significant changes have been proposed at The Warehouse distribution centres around the country. Photo/File.

Warehouse group posts $54.2m net loss: Can they turn their luck around?

Author
Newstalk ZB,
Publish Date
Thu, 26 Sep 2024, 7:47pm

Leading Kiwi retailer The Warehouse Group has posted a significant net loss off the back of a tough trading environment.

The company today posted it announced a net loss of $54.2 million - a contract to last year's $29.8 million net profit.

NZ Herald business editor at large Liam Dann says it's unclear if the Warehouse can recover from this.

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