The Warehouse Group's profit dives by 65%
Inflation is hurting the Warehouse Group with its annual profit falling 65% in the year to the end of July.
Source: odt.co.nz
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Warehouse Group woes: Worst-performing retail brand revealed, how it will recover
It might be selling more in a cost-of-living crisis, but its profits are weak.
Source: nzherald.co.nz
Market close: The Warehouse, bond yields drive sharemarket down
The S&P/NZX50 Index fell by more than 1 per cent.
Source: nzherald.co.nz
Warehouse Group profit plunges 67% in 'tough year'
The retailer said a drop in gross margins and rising costs drove down net profit by 67 percent.
Source: rnz.co.nz
Inflation wipes 65pc off Warehouse Group profit in 'tough year'
But the red sheds are booming in a cost of living crisis.
Source: nzherald.co.nz