The boss of the listed retailer also described Victoria as the ‘most disruptive’ Australian market for retailers.
The Warehouse and Costco are rivals one kilometre from each other in west Auckland.
Total revenue dropped from $725m to $719m.
The share price has dropped over 27% since the start of the year.
The ‘lipstick index’ is in play, according to IRI pharmacy data.
Crime and economic uncertainty may require a fresh approach to retail.
Times in which prices frozen double, and processes to approve price hikes elongated.
The dual-listed jeweller reviews organic and acquisition growth opportunities.
What are the trends, headwinds, and opportunities the sector should look out for?
The company lost a combined store total of 5432 trading days.