×
2 560
Fashion Jobs
URBN
Free People Assistant Visual Manager - Kings Road, London
Permanent · LONDON
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Jollys, Bath - 7.5 Hours - Part Time, Permanent
Permanent · Bath
ESTEE LAUDER
la Mer - Business Manager - Selfridges, Exchange, Manchester - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 13 Hours - Part Time, Permanent
Permanent · Patchway
ESTEE LAUDER
Tom Ford, Frederic Malle, by Kilian - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
AESOP
Retail Consultant | Part Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
AESOP
Retail Consultant | Full-Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
BERSHKA
General Manager - Bershka Blanchardstown
Permanent ·
STRADIVARIUS
General Manager - Stradivarius Jervis
Permanent ·
STRADIVARIUS
Stradivarius General Manager Stratford
Permanent · LONDON
HEAD OFFICE
Commercial Buying Product Expert
Permanent · BRACKNELL
DEBENHAMS
CRM Assistant
Permanent · LONDON
HEAD OFFICE
Information Security Analyst (Cloud), Secure by Design
Permanent · BRACKNELL
AUTUMNPAPER LIMITED
Alexander Mcqueen Senior Performance Marketing Manager - 12 Month Ftc
Permanent · LONDON
DR. MARTENS
Retail Regional Manager - UK
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Inventory Team Leader
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
By
Reuters
Published
Mar 11, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

NZ's Warehouse reaffirms profit guidance after H1 result

By
Reuters
Published
Mar 11, 2012

WELLINGTON - New Zealand's biggest listed retailer, The Warehouse Group Ltd, posted a 3.3 percent rise in first-half profit on Friday as sales improved and reaffirmed its full year earnings guidance.

The Warehouse, which is implementing a three-year turnaround strategy, made a net profit after tax of NZ$54.0 million ($45 million) in the six months to Jan. 29, compared with NZ$52.3 million in the same period last year.

Group revenue rose 3.3 percent to NZ$937.9 million, with margins holding in all major categories other than apparel.

The company said challenging conditions in the retail market would continue in the second half.

Still, it reaffirmed its adjusted net profit after tax for the full year would be between NZ$62.0 million and NZ$66.0 million.

"The first quarter was challenging for Warehouse Stationery however the second quarter was strong and this trend continued through the remainder of the Back to School period," said Warehouse Chief Executive Officer Mark Powell in a statement.

The company declared a dividend of 13.5 cents against last year's 15.5 cents a share.

Its shares closed on Thursday at NZ$2.65, having fallen around 14 percent so far this year compared with a 4 percent gain for the benchmark NZX-50 index.

The Warehouse has 88 discount stores, known as "Red Sheds", which sell everything from consumer electronics, appliances, clothing, garden supplies, and grocery items. It also has 50 shops selling stationery and computers.

It competes against Briscoe Group Ltd, KMart , the privately-owned Farmers department stores, and a host of smaller specialist retailers, such as clothing firm Hallenstein Glasson Ltd.. ($1=NZ$1.20)

© Thomson Reuters 2022 All rights reserved.