Warehouse, NZ's Amazon-like retailer, faces restructuring due to high costs and Kmart competition.
The Warehouse, once seen as NZ's answer to Amazon, faces restructuring due to high costs and competition from Kmart. Analysts suggest Kmart's dynamic model, quick product sourcing, and shipping within 28 days gives it an edge over The Warehouse. The iconic retailer, founded 40 years ago, is now in a perilous shape, and restructure plans announced this week will determine the future of the business.
June 22, 2024
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