“Covid has definitely taken a toll on families who are already struggling to make ends meet as many of them are now faced with redundancy, reduced hours or income. “We know of families who overnight found themselves in a situation where they had to ask for help, something they’d never done before.”
Kirk Hargreaves/Stuff
Going back to school costs between $500 and $1000 per child, which is often beyond the reach of low-income families, Variety CEO Susan Glasgow says. (File photo) Kiwi Kid Sponsorship, Variety’s flagship programme, matches children aged 4 to 17 with a sponsor who provides funding for basic needs such as school uniforms, shoes, warm bedding, and opportunities such as sports or extra-curricular activities.
Covid 19 coronavirus: Warehouse Group forecasts bumper first-half profit
8 Jan, 2021 01:30 AM
3 minutes to read
The group, which operates The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo7 stores, expects its gross margin for the half-year will be up circa 170 basis points. Photo / Tania Whyte
The group, which operates The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo7 stores, expects its gross margin for the half-year will be up circa 170 basis points. Photo / Tania Whyte
Aimee Shaw is a business reporter focusing on retail, small businessaimee.shaw@nzherald.co.nz@AceeyShaw
The Warehouse Group has upgraded its profit forecast for the first-half of the new financial year, saying its expects to make a profit of more than $90 million.