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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     

We talk to acting CFO Celia Mearns following the Red Shed’s half year results. 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 economic headwinds, why the grocery business is a bright spot, and that the ‘everybody gets a bargain’ jingle is… here to stay!

Brought to you by Sharesies, with BusinessDesk

Shared Lunch is hosted by BusinessDesk journalists including Frances Cook. 

Each week, we’ll alternate between an interview with a company leader and an industry deep dive.

Tune in on YouTube to watch or subscribe to the podcast on Spotify, Google Podcasts, or Apple Podcasts.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. 

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your circumstances, objectives, or needs. We do not provide recommendations and you should always read the disclosure documents available from the product's issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. 

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