Latest news with #TheWarehouseGroup
NZ Herald
3 days ago
- Business
- NZ Herald
Commerce Commission files charges against Noel Leeming over ‘Price Promise' claims
The Commerce Commission has filed criminal charges against retail electronics chain Noel Leeming for allegedly misleading customers with its "Price Promise". Photo / Supplied Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. The Commerce Commission has filed criminal charges against retail electronics chain Noel Leeming for allegedly misleading customers with its "Price Promise". Photo / Supplied The Commerce Commission has filed criminal charges against retail electronics chain Noel Leeming for allegedly misleading customers with its 'Price Promise'. The commission alleges multiple breaches of the Fair Trading Act by Noel Leeming which is owned by The Warehouse Group. 'For over a decade Noel Leeming has prominently promoted their 'Price Promise,' which is their commitment to match any competitor's price. We believe their price promise claim was misleading and in breach of the Fair Trading Act,' Commerce Commission deputy chair Anne Callinan said. 'Price match advertising gives the impression that customers will be able to show up and get a match for competitors' prices… we believe Noel Leeming's price promise had many limitations and conditions which weren't made obvious to customers and made any price matches difficult to obtain.' Callinan said it is crucial businesses promoting any price match offer factor in the overall impression of the claims they make, and that all information is clear to customers.
NZ Herald
14-07-2025
- Business
- NZ Herald
Clothing waste tackled: Whangārei part of recycling pilot with The Warehouse
Clothing that's still in good condition will be passed on to The Salvation Army's Family Stores, where it can be resold to support local community services. Items that can't be reused will be recycled into products such as signage, packaging, protection mats and even acoustic panels. Nick Garforth, area manager for Salvation Army Family Stores, said the system is designed to keep donations local. 'The product that comes in is processed through the local Whangārei [Warehouse] store, sold in the Whangārei [family] store, and the money generated goes to local mission funding. 'Ultimately, it will help this community – and there's absolutely no doubt about that.' The pilot has been running for about three weeks and Garforth said early signs are positive. 'We're seeing some good numbers coming through. It's not breaking the bank, but people are engaging with the project and donating at the Whangārei Warehouse,' he said. 'There's no reason it won't continue to be a success.' The pilot will also test how incentives can help encourage long-term recycling behaviours. Asked if he was concerned about donation volumes overwhelming stores, Garforth said: 'We have very robust processing systems in place to take care of large volumes. We never close for donations.' To encourage people to take part, The Warehouse is offering a reward through its Market Club loyalty programme. Anyone who donates clothing will receive a voucher for 10% off clothing purchases over $30, either in-store or online. Every kilo of clothing collected will be tracked and reported, so customers can see the real impact of their donations. Phil Cumming, general manager of sustainability and ethical sourcing at The Warehouse Group, says the initiative is part of the company's wider push to make sustainable living easier and more accessible. The Good Drop adds to The Warehouse Group's existing in-store recycling options, which currently include electronics, soft plastics, mobile phones and ink cartridges. 'The trial is about testing how incentives can help encourage long-term recycling behaviours,' Caroline Dewstow, sustainability partner at The Warehouse Group, said. Dewstow said The Warehouse had worked with the Salvation Army for many years and knew the power of their national scale and positive impact in local communities. It was a 'no-brainer' for the pair to partner on this initiative. Sarah Curtis is a news reporter for the Northern Advocate, focusing on a wide range of issues. She has nearly 20 years' experience in journalism, most of which she spent reporting on the courts in Gisborne and the East Coast.
National Business Review
01-07-2025
- Business
- National Business Review
Warehouse guidance straddles profit and loss
Slower-than-expected fourth quarter sales have weighed on The Warehouse Group's expectations for annual earnings, with a warmer start to winter dampening consumer demand. The NZX-listed retailer behind The Warehouse, Noel Leeming, and Warehouse Stationery issued guidance for the 53 weeks to August
RNZ News
30-06-2025
- Business
- RNZ News
Warm weather cools Warehouse Group's profits
Photo: SUPPLIED Warm weather has melted The Warehouse Group's profit forecast. The company has revised its pre-tax profits lower to a range of a $5 million loss to a $5 million profit for the year ending 3 August. The company - known for its Red Sheds, Stationary and Noel Leeming brands - blamed low consumer confidence and a delayed winter for impacting winter sales, which had forced it into heavy discounting. Nonetheless, interim chief executive John Journee said sales strengthened as soon as colder weather arrived. "Now that the cold has set in, our sales momentum has returned with Q4 to date sales ahead of the same period last year," he said. Despite the "encouraging" news, Journee said "the current market conditions are impacting margins", leading to the earnings downgrade. The group said the timing of New Zealand's economic recovery remained uncertain , weighing on consumer discretionary spending. The company will release its full-year results on 2 October. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
1News
28-05-2025
- Business
- 1News
The Warehouse Group appoints new chief executive
The Warehouse Group has appointed chief financial officer Mark Stirton as its new chief executive. Stirton had been assisting interim group chief executive John Journee since former CEO Nick Grayston's departure in May last year following a difficult period for the company. Stirton, who joined the group last year, will assume the role from August 1. "After a comprehensive search, we are delighted that Mark has accepted the group CEO position," said Warehouse Group chair Dame Joan Withers. "Mark's understanding of TWG, his energy, drive to modernise, extensive retail experience and proven ability to deliver on the execution of strategy make him the ideal leader to accelerate the improvement programme that we have under way." ADVERTISEMENT The Warehouse Group has named Mark Stirton as its new chief executive. (Source: The Warehouse Group) Stirton said he felt "privileged" to lead one of New Zealand's most well-known businesses. "The Warehouse is a much-loved brand and plays an important role in Kiwis' lives. We need to build on our progress made to date to deliver further value for our customers, team members and our shareholders." Earlier this month, the group reported that total sales for the third quarter rose 2.2% to $710.5 million when compared with the same period last year. Group gross profit was down 2% on the previous period to $223.3 million. The Warehouse Group currently operates three primary brands: The Warehouse, Warehouse Stationery and Noel Leeming.
