New Zealand’s Biggest Retailer Records Another Year of Losses

Date:

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.

spot_imgspot_imgspot_img

Share post:

More like this
Related

CGT Changes May Reduce Housing Supply, Real Estate Institute Warns

Andrew Merry/Getty ImagesThe Real Estate Institute of Australia (REIA)...

Government to Spend $3.6 Billion on Childcare Worker Pay Rise

A small group of children play at the Robertson...

Accused ISIS Bride Loses Bail Bid Due to Public Risk

Zeinab Ahmad, one of two women linked to alleged...

1 Dead After US Military Hits Suspected Trafficking Boat in Pacific Waters

Image from video of a lethal strike on a...