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Pakuranga Plaza ‘not encouraging’ retail, Warehouse boss claims

However, he says competition from Panda Mart was not related to the closure of Pakuranga’s Warehouse.

Pakuranga Plaza in Auckland.

Kate McVicar Fri, 21 Mar 2025
Key points
  • Revenue: Down 1.6% to $1.6 billion. 
  • Profit: Up 150% to $11.8 million.
  • Key takeaway: The retailer expects a weaker earnings result in the second half. 

The Warehouse Group claims the landlord of one of its Auckland stores had no intention of extending its lease and was discouraging about future retail operations.

The NZX-listed retailer reported interim earnings this morning, when listeners to the investor call were told a Warehouse store had been

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Kate McVicar Fri, 21 Mar 2025
Contact the Writer: kate@nbr.co.nz
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Key points
  • Revenue: Down 1.6% to $1.6 billion. 
  • Profit: Up 150% to $11.8 million.
  • Key takeaway: The retailer expects a weaker earnings result in the second half. 
Pakuranga Plaza ‘not encouraging’ retail, Warehouse boss claims
Investment,
108373
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