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The Warehouse closes TheMarket.com after sales worsen

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Manage episode 417459432 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Warehouse Group will close the online shopping website TheMarket.com in late June after about five years of business – after it failed to find a buyer.

Earlier this year, they sold Torpedo7 for $1.

Devon Funds Management head of Retail, Greg Smith told Heather du Plessis Allan “They launched this in 2019 as New Zealand’s answer to Amazon.”

Smith said “Part of this is about trying to improve the focus, they do seem to have lost their way,”

LISTEN ABOVE.

See omnystudio.com/listener for privacy information.

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6272 episodes

Artwork
iconShare
 
Manage episode 417459432 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Warehouse Group will close the online shopping website TheMarket.com in late June after about five years of business – after it failed to find a buyer.

Earlier this year, they sold Torpedo7 for $1.

Devon Funds Management head of Retail, Greg Smith told Heather du Plessis Allan “They launched this in 2019 as New Zealand’s answer to Amazon.”

Smith said “Part of this is about trying to improve the focus, they do seem to have lost their way,”

LISTEN ABOVE.

See omnystudio.com/listener for privacy information.

  continue reading

6272 episodes

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