Photo: ODT FilesThe Warehouse Group is looking to axe about 270 jobs in a restructure of its head office as it looks to cut costs and improve its finances. The group earlier indicated it would be cutting jobs, but on Wednesday confirmed the number of roles going. He said the company was looking to get the cost of doing business below 31 percent of its sales revenue. The restructuring and outsourcing overall was planned to save $70m over the next five years, on top of the estimated $40m already announced last year. The operator of the Red Sheds, Warehouse Stationery, and appliance and electronic chain Noel Leeming has consistently struggled with poor sales and losses over recent years.

Source: Otago Daily Times February 03, 2026 23:32 UTC