Sobering times for the Red Shed

Shared Lunch

NZ’s biggest retailer The Warehouse Group is getting back to basics after writing off Torpedo7, declining sales and plans to exit e-commerce venture TheMarket.com.

We talk to acting CFO Celia Mearns following the Red Shed’s half-year results, which it describes as ‘sobering’.

Celia shares the challenges of online sales and competing with the likes of Temu.

You’ll also find out how the retailer will navigate ongoing headwinds, why the grocery business is a bright spot, and that the ‘everybody gets a bargain’ jingle is… here to stay!

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Chapters

1. Sobering times for the Red Shed (00:00:00)

2. Marker 01 (00:16:26)