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- Release Date: 17/09/12 11:24
- Summary: ASSET: WHS: "House of Bargains" enhanced
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WHS
17/09/2012 09:24
ASSET
REL: 0924 HRS The Warehouse Group Limited
ASSET: WHS: "House of Bargains" enhanced
MEDIA RELEASE
Auckland, 17 September 2012
THE WAREHOUSE GROUP LIMITED
"House of Bargains" enhanced
As part of The Warehouse's commitment to being New Zealand's "House of
Bargains" and "Home of Essentials", The Warehouse has enhanced its sourcing
and multichannel capability by purchasing the business of import specialist
Insight Traders.
Insight Traders is a well established business with bargain sourcing
capability that will compliment The Warehouse's existing bargain sourcing
activities. This will enable The Warehouse to continue to provide a more
extensive range of products. It will also provide an alternative source of
bargain products for the recently launched "Red Alert" one day deal website
as well as our store offers.
Group CEO Mark Powell said "the purchase of this business is a good fit with
our existing initiatives and will improve our ability to be the "House of
Bargains" and "Home of Essentials" for New Zealanders".
The purchase of the business is expected to be completed by the end of
September 2012.
ENDS
Contact details regarding this announcement:
Mark Powell, Group CEO to be contacted via Gayle Theunissen on +64 9 488
3231
End CA:00227357 For:WHS Type:ASSET Time:2012-09-17 09:24:14
