WHS
30/06/2014 09:32
GENERAL
REL: 0932 HRS The Warehouse Group Limited
GENERAL: WHS: TW Group to Work with The Good Guys as they exit NZ
MEDIA RELEASE
30 June 2014
The Warehouse Group to Work with The Good Guys as they exit NZ
Discount electrical goods retailer Good Guys has decided to leave the New
Zealand market, and will work with The Warehouse Group (TW Group) to minimise
disruption and any potential impact to customers, employees and store
landlords as it exits.
TW Group CEO Mark Powell said that while they were not acquiring the Good
Guys business, after the Good Guys stores have closed TW Group will take on
the five Good Guys stores site leases, work with Good Guys to offer as many
as possible of their employees alternative employment and would use Noel
Leeming stores to allow former Good Guys customers to return faulty product.
"Our goal is to minimise the impact of Good Guys closure on its team
members, customers, landlords, and the wider business community," said Mr
Powell.
TW Group will take over the lease of the five Good Guys stores at Albany,
Wairau Park, Manukau, Botany and Sylvia Park. The Group would look to
utilise these retail spaces across a mix of its retail brands said Mr Powell.
TW Group's stores comprise The Warehouse, Warehouse Stationery, Noel Leeming
Group, Torpedo 7 and R&R Sports.
Mr Powell said that the transition arrangement offered benefits to the TW
Group, including an ability to expand its store networks in additional
locations, as well as the potential to add new experienced retail team
members in the Auckland region.
-ENDS-
For further information, please contact:
Joanne Fullam, PR Manager The Warehouse, [email protected] or
mobile: 021 145 7701
About TW Group
The Warehouse Group Limited comprises 91 Warehouse stores, 76 Noel Leeming
stores and 64 Warehouse Stationery stores in New Zealand and several online
businesses. The company had turnover of $2.2 billion in FY13 and employs
over 10,000 people.
End CA:00252206 For:WHS Type:GENERAL Time:2014-06-30 09:32:34
