The overall group, which includes the The Warehouse, Warehouse Stationery, Torpedo 7 and Noel Leeming, saw operating revenue drop 0.9 percent to $1.598 billion from last year. This result follows a number of significant strategic moves by The Warehouse, including a reduction in sales in favour of an "every day low prices" policy. The Warehouse Stationery also saw a drop in sales, reporting $129m, down 7.1 percent from the same period last year. The Warehouse Group employs over 12,000 staff across the nation, through 93 Warehouse stores, 74 Noel Leeming stores. five Lifestyle Appliance stores, 70 Warehouse Stationery stores, 11 Torpedo7 stores and its online businesses.

Source: Otago Daily Times March 07, 2018 21:22 UTC