The Johnston family will fund Australian operations through administration, but Godfreys NZ trading remains independent.
Retail giant is ‘keenly looking’ but hasn’t settled on a Canterbury location.
The traditionally busy day has been difficult for hospitality and retailers in cyclone-hit areas.
However, the NZX-listed retailer expects trading won't be as 'buoyant' in the year ahead as the economic downturn deepens.
Lost revenue for retailers could be in the millions.
However, Canadian sales start to lag.
Growth in the market had been put on the backburner this year.
Board hopes to be cashflow positive by next year but declines to share projections.
The Warehouse and Costco are rivals one kilometre from each other in west Auckland.
Total revenue dropped from $725m to $719m.