The Warehouse Group
The Warehouse Group Limited, (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 formerly had operations in Australia, which were sold to Australian Discount Retail. 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 October 2012, the company had 83 stores throughout New Zealand. On 24 November 2005, The Warehouse announced that was selling its Australian operation for A$98 million (NZ$99 million).
Colloquial names for the company's stores include "The Big Red Shed", "WareWhare" (pronounced wah-re fah-reh,(rolling the r) whare is Maori word for house), Warehu and "The Wuds".
Read more about The Warehouse Group: Milestones, Business, Financial Results
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