The Warehouse Group had its watershed year in 2016. The group - which owns The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo chains - reported a $20.4 million profit for the year to July 30, 2016, down from $78.3m the year before. SUPPLIED Chief executive of The Warehouse and Warehouse Stationery, Pejman Okhovat, says it's the company's job to ensure the trust and loyalty of customers. Australia's Chemist Warehouse, which is slowly making headway in New Zealand, is more of a threat to The Warehouse. Chief executive of The Warehouse and Warehouse Stationery, Pejman Okhovat said the group welcomed competition because it kept the business on its toes.

Source: Stuff May 28, 2019 17:01 UTC