By Duncan Bridgeman
Friday 15th March 2002 |
Text too small? |
The group has launched an $A75 million spending campaign to upgrade its "yellow shed" outlets over the next three years and to fight off tough competition.
The Warehouse operates 118 stores in Australia. Chief executive Greg Muir said the company would spend $A20 million this year and $A55 million between 2003 and 2005 to upgrade and reposition its store network.
While the foray into Australia last year initially dented the group's overall profit, sales growth has since lifted, and the discount retailer posted a $NZ59.11 million profit for the six months to January 31, up nearly 14% from the previous corresponding period.
Excluding one-off gains and losses, the profit result was $NZ7 million (13.5%) above last year.
No comments yet
PaySauce Quarterly Market Update - June 2024
Manawa Energy - Annual Meeting and Director Nominations
SKO - Annual Shareholders Meeting Materials
VGL - 2024 Half Year Results Announcement Date
TruScreen Group Limited ("TRU") - Late Annual Report
ARB - Sale of In Vitro Business
NZK - Change of External Auditor
SCT - Scott lands major contracts for MHL in Europe
July 2nd Morning Report
PFI - Details of FP24 Results Webcast