New Zealand’s Biggest Retailer Records Another Year of Losses

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New Zealand’s Biggest Retailer Records Another Year of Losses

A Warehouse Extra Store seen in Auckland, New Zealand, on Dec. 29, 2014. Dave Rowland/Getty Images

New Zealand’s largest retail business, The Warehouse Group (TWG), has reported another full-year loss for the year ended Aug. 3.

Despite the loss, it has significantly improved on the previous year’s result and says the outlook is more positive, with the second half of the year having been better than the first.

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