The business summary, share performance, financial summary and outlook, management overview, key ratio analysis and a key financial summary.
The Warehouse Group Limited was established in 1982 by Sir Stephen Tindall, initially selling imported and manufactured clearance lines in Takapuna, Auckland. The Warehouse has subsequently grown to become one of New Zealand’s largest general merchandise retailers and also owns The Warehouse Stationery chain. The group was listed in November 1994 following a public issue of 23.6 million ordinary shares at $2.50 per share. In 2000 it bought two Australian discount variety chains with 126 stores, to establish The Warehouse Australia. In November 2005, it agreed to sell its Australian business. In 2013, The Warehouse Group announced the acquisition of all 92 stores of Consumer Electronics and Home Appliance retailer, Noel Leeming Group, for $65 million. This was followed by the announcement that WHS had signed an agreement to acquire 51% of the shares of Torpedo7 Limited, a New Zealand online retailer with websites in New Zealand and Australia.
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