TheWarehouse confirms restructure

TheWarehouse has confirmed its restructure at 62 stores. Staff were asked to reapply for roles and consider voluntary redundancy on Thursday, First Union’s TaliWilliams said. The Warehouse announced in July up to 1080 jobs could go and working hours would be reduced. A spokeswoman said the changeswere due to demand for online and click-and-collect shopping because of Covid-19, as well as more customers preferring to shop at night and on weekends. TheWarehouse Group – which includes TheWarehouse, Warehouse Stationery, Noel Leeming, TheMarket and Torpedo7 – reported a 20 per cent drop in profit to $29.2 million for the half year to January 26. Group saleswere up 2.6 per cent to

$1.68 billion. TheWarehouse received $51.9m from the Covid-19wage subsidy.