The appointment of Mark Powell as the new chief executive of The Warehouse Group was accepted yesterday without any market reaction.
Profits for The Warehouse were slightly down on last year but shareholders were nevertheless rewarded with a special dividend for the second year running, and the prospect of more to come.
Bellwether retailer The Warehouse is expected to post flat full-year results tomorrow amid declining market share, discounting to shift stock, and scoured profit margins.
Investors have had a reality check in the last two months as global equity markets have lost this year's gains, and some of last year's as well, Forsyth Barr broker Suzanne Kinnaird says.
The Warehouse Group Limited reported a drop in sales in the third quarter, after continued contraction in the music and DVD market, and warm weather affecting sales of winter apparel and heating.
The Warehouse has partnered with IAG New Zealand to offer a travel insurance product online.
The Warehouse Ltd said its $100 million bond offer has closed fully subscribed.
Unaccompanied children wearing school uniform have been banned from one major South Dunedin retailer during school hours, and two other large retailers may consider doing the same.
The Warehouse Group is unlikely to emulate the success of Briscoe Group when it reports its interim profit on Friday.
Retailer The Warehouse Group is considering a bond offer of up to $100 million.
Retailer The Warehouse reported disappointing trading results for the Christmas period, and expects its results are an indication of what happened in the broader non-food retail market.
The Warehouse has reported an expected boost to Christmas sales did not materialise but instead delivered "flat" sales growth, with expectations its half-year after tax result to the end of January will mirror last year's $56.8 million.
About a quarter of workers at The Warehouse will resume industrial action after talks between the company and the National Distribution Union (NDU) broke down.
Retail staff at The Warehouse have voted to strike over their working conditions, the National Distribution Union (NDU) says.