Latest news with #TheWarehouseGroup
1News
28-05-2025
- Business
- 1News
The Warehouse Group appoints new chief executive
The Warehouse Group has appointed chief financial officer Mark Stirton as its new chief executive. Stirton had been assisting interim group chief executive John Journee since former CEO Nick Grayston's departure in May last year following a difficult period for the company. Stirton, who joined the group last year, will assume the role from August 1. "After a comprehensive search, we are delighted that Mark has accepted the group CEO position," said Warehouse Group chair Dame Joan Withers. "Mark's understanding of TWG, his energy, drive to modernise, extensive retail experience and proven ability to deliver on the execution of strategy make him the ideal leader to accelerate the improvement programme that we have under way." ADVERTISEMENT The Warehouse Group has named Mark Stirton as its new chief executive. (Source: The Warehouse Group) Stirton said he felt "privileged" to lead one of New Zealand's most well-known businesses. "The Warehouse is a much-loved brand and plays an important role in Kiwis' lives. We need to build on our progress made to date to deliver further value for our customers, team members and our shareholders." Earlier this month, the group reported that total sales for the third quarter rose 2.2% to $710.5 million when compared with the same period last year. Group gross profit was down 2% on the previous period to $223.3 million. The Warehouse Group currently operates three primary brands: The Warehouse, Warehouse Stationery and Noel Leeming.
RNZ News
27-05-2025
- Business
- RNZ News
The Warehouse chief financial officer to lead company
Mark Stirton joined The Warehouse Group in 2024. Photo: The Warehouse Group The Warehouse Group has appointed its chief financial officer to lead the company. Mark Stirton, who has been with The Warehouse since April 2024, will take on the role of chief executive from 1 August . The Warehouse chair Dame Joan Withers said he had the energy and drive to modernise the business, with extensive retail experience. "Mark's . . . proven ability to deliver on the execution of strategy make him the ideal leader to accelerate the improvement program that we have underway," she said. Stirton was previously the chief financial officer at large South African retailer, Mr Price Group, with more than 3,000 stores. He said he felt privileged to be assuming the key leadership position. "We need to build on our progress made to date to deliver further value for our customers, team members and our shareholders," he said The Warehouse Group has had a few tough years , which saw the former chief executive Nick Grayston step down nearly one year ago with immediate effect. Interim chief executive John Journee would stay in the role until the end of July, and then continue on the board as a non-independent director.
NZ Herald
08-05-2025
- Business
- NZ Herald
NZ sharemarket drops despite upbeat update from The Warehouse
The New Zealand sharemarket closed down today despite an upbeat trading update from major retailer The Warehouse Group. The S&P/NZX 50 Index closed down 0.24% or 29.86 points, falling to 12,467.03, with 38,433,775 shares changing hands to the value of $133 million. The S&P/NZX20 index closed
