What will it take to turn around The Warehouse?

Shares in The Warehouse are trading around their lowest levels since listing on the stock exchange. The company doesn’t have a permanent chief executive nearly a year after its last chief executive resigned and its revenue and profit margin is under pressure. Interim chief executive John Journee is undertaking a turnaround but what will it take to get New Zealand’s largest retailer back in the game? In its 2025 first-half result in late March , it posted a return to profit of $11.

8 million. However, revenue continued to decline, falling to $1.6 billion, down 1.



6% compared to the first half of 2024. The retailer’s earnings before interest and tax also took a significant hit, down 54.5% to $19.

5m, while gross profit margins decreased a further 180 basis points to 32.5%..