Pay extremes, contracts debated
For a politician who believes in minimal regulation, Workplace Relations Minister Michael Woodhouse says he is working on an ''awful lot'' of workplace regulation.
The Warehouse
Warehouse Group sales improving
Warehouse Group sales improving
Red Shed sales continued to grind higher in the three months ended April as customer numbers and basket sizes improved, Craigs Investment Partners broker Chris Timms said yesterday.
The Warehouse set for growth
The Warehouse set for growth
Improving economic indicators in New Zealand should help underpin earnings growth for The Warehouse Group in the 2014 financial year, Forsyth Barr broker Suzanne Kinnaird said yesterday.
Warehouse praised for 'career' wage
Warehouse praised for 'career' wage
Details of The Warehouse Group's ''career retailer wage'', released yesterday, would put pressure on other retailers, Craigs Investment Partners broker Greg Easton said.
Structural changes inspire confidence
Structural changes inspire confidence
A warmer start to winter causing strong discounting for The Warehouse was masking positive structural changes taking place within the group, Craigs Investment Partners broker Chris Timms said yesterday.
'Career wage' initiative widely welcomed
'Career wage' initiative widely welcomed
The introduction of a ''career retailer wage'' on August 1 was welcomed yesterday by long-serving staff members at The Warehouse in South Dunedin.
Warehouse Group buys online retailer
Warehouse Group buys online retailer
The Warehouse Group, which reports its first-half profit this week, will spend up to $33 million buying online retailer Torpedo7, but brokers say the physical presence of the large retailer will not diminish.
Reduce recommendation on Warehouse shares
Reduce recommendation on Warehouse shares
Forsyth Barr has downgraded The Warehouse shares to reduce following the retailer's acquisition this week of the Noel Leeming Group for $65 million.
The Warehouse buys chain
The Warehouse buys chain
Opinion remained divided yesterday following the purchase of consumer electronics chain Noel Leeming Group by The Warehouse for $65 million, less than half of what the chain was bought for in 2004.
Warehouse tips higher full-year
Warehouse tips higher full-year
Retailer The Warehouse has tentatively said it expects to beat last year's adjusted after-tax profit of $65.2 million, but remains highly cautionary over crucial January sales and overall economic conditions.
Mixed quarter for Warehouse as Red Sheds flat
Mixed quarter for Warehouse as Red Sheds flat
The Warehouse Group, the country's largest listed retailer, provided some "reasonable numbers" for the three months ended October 28 but very little detail, Craigs Investment Partners broker Chris Timms said yesterday.
Warehouse profit rise
Warehouse profit rise
The Warehouse yesterday reported a 15% increase in annual after-tax profit of $89.8 million, but that was underpinned by a total $25.4 million in one-off gains from property sales and the release of warrant provisions.
Warehouse faces difficult trading
Warehouse faces difficult trading
The Warehouse is expected to book increased revenues and sales for its full-year result on Friday, but squeezed margins and increasing competition are expected to knock profits back.
Warehouse cash injection from site leaseback sales
Warehouse cash injection from site leaseback sales
The Warehouse is seeking to raise $100 million from selling four sites in sale and leaseback agreements, with the proceeds reinvested in the company.
Plan to delist from ASX
Plan to delist from ASX
The Warehouse has decided to delist from the Australian stock exchange following a review of the costs and benefits of retaining the ASX slot.
Contrasting profits from high-profile retail chains
Contrasting profits from high-profile retail chains
Two of New Zealand's most high-profile retail chains reported contrasting profits yesterday with both The Warehouse and Briscoe Group gaining praise from brokers.
'Dividend growth unlikely'
'Dividend growth unlikely'
The Warehouse interim result for the six months ended January was unlikely to create much excitement in the market, Craigs Investment Partners broker Chris Timms said yesterday.
Path back to profit 'marketing 101'
Path back to profit 'marketing 101'
The Warehouse appears to be going back to basics after delivering a disappointing full-year result where after-tax profit was down almost 9% to $76 million, at the bottom end of earlier guidance and well below analysts' expectations.
Canterbury quake helps Warehouse
Canterbury quake helps Warehouse
Restocking of damaged Christchurch houses and businesses helped The Warehouse report improved sales for the three months ended May 1.
Lower sales mean lower profit for The Warehouse
Lower sales mean lower profit for The Warehouse
Gross margins were maintained but lower sales in the six months ended January 31 meant lower profits for The Warehouse Group.