The boss of one of our largest retail companies says its latest results are "unacceptable"
The boss of one of our largest retail companies says its latest results are "unacceptable"
3 March 2025
The Warehouse Group -- owner of The Warehouse, Noel Leeming and Warehouse Stationery -- is expecting its half-year profit to drop by a third.
It expects second-half earnings, to be broadly in line with last year's loss of about 14-million dollars.
Interim Chief Executive John Journee says they're near the bottom of the spending cycle, and sales are showing signs of a turn-around.
But he says the economic recovery remains sluggish and customer demand low, pushing down profits.
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