Warehouse Group sells Torpedo7 for $1 after paying $52m for it
A consortium including former NZ Breakers basketball team owners is to take over.
A consortium including former NZ Breakers basketball team owners is to take over.
The Warehouse is using a quarter of the power produced by the solar farm.
Analysts warn this may be the third-worst earnings season ever.
Industry players say 2024 will be a test for businesses and consumers.
Company under fire over customer service, loyalty schemes and struggling brand.
The switch has been flicked on two North Island new solar power facilities.
The Warehouse says it is 'extremely disappointed to find ourselves in this situation'.
Suppliers are waiting on between $800,000 to $900,000 worth of stock.
Foodstuffs rejects claim dismissing "loyalty".
Strike at Warehouse sparks talks, union also juggles bank tensions, retail crime worries.
The change of heart came almost as fast as you could pour your milk on to brekkie cereal.
The Warehouse Group is one major retailer suffering amid inflation.
Warehouse Group boss says the retailer has been cut off from its supply of Weet-Bix.
It might be selling more in a cost-of-living crisis, but its profits are weak.
But the red sheds are booming in a cost of living crisis.
Market close: Turnover was a light $101.3 million.
More than 260 sites owned by The Warehouse Group are set to be powered by solar farms.
Chief executive Nick Grayston said the company is challenging NZ's grocery 'status quo'.
Amid the Warehouse Group’s tumbling profits and shrinking workforce, one area is growing.
Warehouse says it is not selling puberty blockers or any prescription medicines.
The index finished a see-sawing week higher.
NZ Herald and the Warehouse Group are launching NZ's first interactive e-commerce site.
Name anything you see happening on a building site and those supplying stuff are on list.
Delivery-based supermarket Supie said suppliers are pressuring them to keep prices up.
After Credit Suisse collapse, intrigue continues.
PLUS: Why The Warehouse Group is having to restructure again.
The Warehouse Group attributes a rise in expenses and slowed spending to severe losses.
More stores could be stocked with fresh produce if the trial is successful.
Warehose Group staff told today of propsoed layoffs.