The Warehouse Group: Difference between revisions

Revision as of 00:16, 14 December 2006

Revision as of 11:33, 16 December 2006

Line 15:

homepage = [http://www.thewarehouse.co.nz/ www.thewarehouse.co.nz]

}}

'''The Warehouse''', ({{nzx|WHS}}) founded by [[Stephen Tindall]] in [[1982]], is the largest [[department store]] [[retailer]] operating in [[New Zealand]]. The Warehouse is largely a [[discount store]] similar to [[Walmart]] in the United States, however [[The Warehouse]] sells far more generic brand merchandise than other discount or department stores. The company also formerlyhas had operationsstores in [[Australia]]. For the [[fiscal year]] ending October, [[2005]], The Warehouse reported [[net income]] of NZ $71.9 [[million]] on NZ $2.224 billion of [[sales]] revenue (3.6% [[profit margin]]).

As of [[2005]], the company had 253 stores throughout New Zealand and Australia along with more than 6 [[Distribution (business)|distribution]] centres in total. On [[November 24]], [[2005]], The Warehouse announced that was selling its Australian operation for AUS$98 million ($99 million NZD).