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Warehouse profit down as it invests in transformation

Company saw problems at its new fulfilment centre.

The Warehouse Group’s first-half profit is down 20%, as it plugged more money into transforming the business.

The company’s net profit is down 20% to $29.2 million in the 26 weeks to January 26. This includes $16.3m in unusual items, including $14.9m of investment into improving its

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Calida Stuart-Menteath Tue, 17 Mar 2020
Contact the Writer: calida@nbr.co.nz
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Warehouse profit down as it invests in transformation
General Business,
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