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Overview
TWG is a major New Zealand retailer that operates three brands—The Warehouse, Warehouse Stationery, and Noel Leeming—with more than 180 stores, online platforms, and distribution centers. Its product mix covers general merchandise, stationery, and consumer electronics, sourced through offices in China and India. The company combines brick-and-mortar stores with e-commerce and a nationwide distribution network, supported by a 10,000-plus employee team. Its goal is to improve living for New Zealanders and protect the planet through sustainable practices, community support, and carbon-neutral milestones, while differentiating itself by scale, brand diversification, and a strong community focus.
About The Warehouse Group
Industries
Consumer Goods
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Auckland, New Zealand
Founded
1982
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Simplify's Take
What believers are saying
- FY26 H1 sales reached $1.6 billion; same-store sales rose 0.5%.
- CODB fell to 30.6% of sales, improving cash discipline.
- Net debt improved to $93 million, and free cash flow turned positive.
What critics are saying
- 270 head-office cuts and $6 million redundancy costs hit FY26 execution.
- Kmart, Temu, and IKEA intensify price pressure on core categories by 2026.
- If sales stay flat and advertising stays paused, turnaround momentum stalls.
What makes The Warehouse Group unique
- The Warehouse, Noel Leeming, and Warehouse Stationery give nationwide one-stop retail reach.
- FY26 H1 operating profit rose 37.7% to $26.9 million despite flat sales.
- Mark Stirton's November 2025 cost-reset and TCS outsourcing lower fixed overheads.
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Company News
The Warehouse Group reported sales of $1.6 billion for the first half of FY26, up 0.3% year-on-year, with operating profit rising 37.7% to $26.9 million. Same-store sales increased 0.5%, whilst net debt improved to $93 million from $96 million. Warehouse Stationery delivered strong performance with sales up 5.7%, and Noel Leeming's operating profit jumped 52% to $13 million. The company reduced its cost of doing business by 1.7% to 30.6% of sales and achieved positive free cash flow of $3.1 million. However, the board declined to declare an interim dividend due to economic uncertainty. The company faces headwinds from flat retail spending and elevated unemployment, which reached a 10-year high in December.
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About The Warehouse Group
Industries
Consumer Goods
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Auckland, New Zealand
Founded
1982
There are no jobs for The Warehouse Group right now.
Find jobs on Simplify and start your career today