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Warehouse Group downgraded by ForBarr analysts

Warehouse brand is typically resilient but Noel Leeming and Torpedo7 more 'cyclical'.

Noel Leeming is part of The Warehouse Group.

NBR Staff Tue, 10 Jan 2023

The Warehouse Group has suffered a rating downgrade at the hands of Forsyth Barr’s analysts due in part to “material uncertainty in the consumer demand outlook”.

The NZX-listed retailer published an update on December 29 noting sales in the second quarter of its 2023 financial year were down

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NBR Staff Tue, 10 Jan 2023
Contact the Writer: editor@nbr.co.nz
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Warehouse Group downgraded by ForBarr analysts
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