Leading Kiwi retailer responds to tough trading conditions.

 

The Warehouse Group may cut 190 jobs at its Auckland support offices as it responds to “challenging market conditions” and increased online shopping.

 

A spokesperson said the company, which owns Warehouse Stationery and several other retail chains, said the restructure did not involve store staff.

 

In a trading update at the end of 2022, Warehouse said revenue in the November-December period had declined by 5.5 per cent year-on-year, with Warehouse Stationery’s sales slipping by 9.2 per cent. 

 

Kiwi retailers are bracing for a tough year as the economy is expected to slip into recession, with consumers tightening their belts and cutting back on spending amid rising interest rates and high inflation.

 

In recent years, The Warehouse Group has been restructuring its business to cater for increasing customer demand for online and click-and-collect shopping, which resulted in hundreds of job losses at stores.

 

‘Here for Good Leave’ launch

 

The Warehouse Group CEO Nick Grayston and company founder Sir Stephen Tindall have announced a volunteer leave program , offering all team members paid time to give back to their local communities. 

 

Marking the company’s 40th anniversary, the ‘Here for Good Leave’, provides employees with a day’s leave for every year of service to undertake volunteer work.