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5 Feb 2026 12:50
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      Home > News > Business

    Santa will be coming this year, if the Warehouse Group has anything to do with it

    Santa will be coming this year, if the Warehouse Group has anything to do with it


    The company owns The Warehouse, Warehouse Stationery, Noel Leeming, Torpedo 7 and TheMarket.co.nz.

    It reported a net 118-million dollar profit in the year to August, up almost 165-percent on the previous year.

    Group chief executive Nick Grayston says the pandemic continues to disrupt international freight, with a shortage of
    shipping containers.

    He says this will cause delays, but the company's expecting to be in a better position this Christmas than last.

    Grayston says offshore partners are working with vendors to prioritise key stock for customers.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     05 Feb: House prices are expected to rise as the year goes on - on the back of increased sales activity
     05 Feb: The Government's announced it'll invest in two horticulture developments on under-utilised Maori land in Northland and Waikato
     05 Feb: A record financial result for Christchurch's Lyttelton Port Company
     05 Feb: More uncertainty for dairy farmers who supply Canterbury milk processing firm Synlait
     05 Feb: Auckland and Wellington are bearing the brunt of the latest unexpected rise in unemployment
     04 Feb: A warning we've been burnt by high hopes for economic recovery
     04 Feb: A move from the Warehouse Group to cut a chunk of head office roles has come as no surprise to the retail sector
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