Warehouse transformation programme reaps benefits

Victoria Young
Fri, 08 Nov 2019

The Warehouse Group says it continues to reap the rewards of its transformation programme as first-quarter sales improved by 4 percent from a year ago to $694.8 million.  The latest result follows sales growth of 3.6 percent for the same quarter last year.  Noel Leeming has continued its strong performance, with a 7.3 percent revenue increase to $225 million for the three months ended Oct. 27 and a 6.1 percent increase in same-store sales.  Warehouse Group chief executive Nick Grayston said this was helped by the Rugby World Cup. The t...
Economy
Tourism Holdings shares jump as Waitomo gets govt subsidy
Dan Brunskill | Thu, 04 Jun 2020

Tourism Holdings shares jumped after its Discover Waitomo business was named as one of the first recipients of the government's $400 million tourism support fund. The Waitomo caves operation will r...

Infrastructure
NZOG seeking acquisitions, won't raise capital
Gavin Evans | Thu, 04 Jun 2020

New Zealand Oil & Gas said it is actively seeking acquisitions of a scale that won’t require it to raise additional capital. The firm said its strong balance sheet, and its weighting to gas rather...

Listed Companies
Vista plans to save up to $15m from staff layoffs
Jenny Ruth | Thu, 04 Jun 2020

Vista Group International said it wants to cut annualised costs by between $12 million and $15 million through laying off staff as cinemas - who account for more than 80 percent of its customers - are...

SPONSORED
Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks