COVID-19 accelerates major restructure by parent company.

 

New Zealand’s Warehouse group has announced the closure of another Warehouse Stationery store as part of a major company-wide restructure which could around result in more than 1000 job losses.

 

The Warehouse Stationery store at Te Awamutu is expected to close its doors in min-October.

 

The Warehouse CEO Nick Grayston said the COVID-19 pandemic had accelerated the company’s long-term plans to close unprofitable stores.

 

As part of the restructure, several other Warehouse Stationery stores have been closed and revamped as a ‘store within a store’ at larger general merchandise Warehouse outlets.

 

A Warehouse spokesperson said: "While the brands will continue to operate as separate stores (including having both uniforms), Warehouse Stationery customers will be able to benefit from a wider range of products and longer opening hours (8am-9pm) while The Warehouse customers can enjoy the addition of a print and copy centre and an extensive stationery and technology range."