Warehouse Group Reports Growth in Online Demand; Announces Trading Update

  • Jul 09, 2020 NZST
  • Team Kalkine
Warehouse Group Reports Growth in Online Demand; Announces Trading Update

The Warehouse Group (NZX:WHA) has released its trading update, which shows a growth in online demand, and the same continues even after the reopening of stores. WHA reported year to date online sales growth of 54.8 per cent, indicating 11.8 per cent of all Group's sales. 

WHA believes that even though there is a lift in consumer spending post lockdown, there are expectations of a slowdown in consumer spending, as per their survey and economic forecasts. However, the company is prepared for adverse trading conditions by strengthening its liquidity position.

 

 

 

 

 

 


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