Asia & Pacific

New Zealand’s Biggest Retailer Records Another Year of Losses

Despite a loss of $2.76 million, The Warehouse Group says the outlook is positive, with things having improved in the second half of the year.
New Zealand’s Biggest Retailer Records Another Year of Losses
A Warehouse Extra Store seen in Auckland, New Zealand, on Dec. 29, 2014. Dave Rowland/Getty Images
Rex Widerstrom
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New Zealand’s largest retail business, The Warehouse Group (TWG), has reported another full-year loss for the year ended Aug. 3.

Despite the loss, it has significantly improved on the previous year’s result and says the outlook is more positive, with the second half of the year having been better than the first.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.