The Warehouse Group says this year's unacceptable earnings have two parts.

It's posting a $54.2 million net loss after tax.

Last year it made a $29.9 million profit.

Sales at The Warehouse and Noel Leeming are down 5.3 percent and Warehouse Stationery is down 6.7 percent.

Interim CEO, John Journee says they get it right most of the time, but it needs to be all the time.

"Part of it is strategy and part of it is execution. We had a strategy, set it out five years ago - it was, in hindsight, too ambitious and also distracted us from looking after our core brands."

LISTEN ABOVE

The Warehouse Group says this year's unacceptable earnings have two parts.
It's posting a $54.2 million net loss after tax.
Last year it made a $29.9 million profit.
Sales at The Warehouse and Noel Leeming are down 5.3 percent and Warehouse Stationery is down 6.7 percent.
Interim CEO, John Journee says they get it right most of the time, but it needs to be all the time.
"Part of it is strategy and part of it is execution. We had a strategy, set it out five years ago - it was, in hindsight, too ambitious and also distracted us from looking after our core brands."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

John Journee: Warehouse Group interim CEO on the company's multi-million dollar net loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/411f76af-6c19-44aa-8a68-b1f7006340a8/transcript

A criminal defence lawyer has highlighted the challenges around convicting people in historic cases.

Lawyer Tony Bouchier's comments come after the Supreme Court overturned two guilty murder verdicts in a cold case killing.

James Henry Wilson and Mark Joseph Hoggart were found guilty in 2021 of killing Red Fox Tavern publican, Chris Bush.

Bouchier's says the evidence wasn't strong enough, especially around a potential third, deceased, suspect. 

"The defence - it's sometimes a dream when you get to that third person, and if you look at the Supreme Court decision, they couldn't discount the fact that he wasn't there." 

LISTEN ABOVE

A criminal defence lawyer has highlighted the challenges around convicting people in historic cases.
Lawyer Tony Bouchier's comments come after the Supreme Court overturned two guilty murder verdicts in a cold case killing.
James Henry Wilson and Mark Joseph Hoggart were found guilty in 2021 of killing Red Fox Tavern publican, Chris Bush.
Bouchier's says the evidence wasn't strong enough, especially around a potential third, deceased, suspect.&nbsp;
"The defence - it's sometimes a dream when you get to that third person, and if you look at the Supreme Court decision, they couldn't discount the fact that he wasn't there."&nbsp;
LISTEN ABOVE

Tony Bouchier: criminal defence lawyer on the Supreme Court overturning guilty verdicts in Red Fox cold case

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f6464298-917a-4f7e-a3b3-b48000677439/transcript

The Education Minister denies ever considering banning Virtual Private Networks as part of the social media ban for under-16s, but says the tool was talked about.

The Post reported this morning Erica Stanford was looking at prohibiting VPNs, which lets internet users mask their location and online address.

The Prime Minister and Stanford rejected the claim.

She says they discussed VPNs in a different context. 

"They can be used for children to get around social media bans, and we also talked about the fact that big tech firms have the ability to know when children are doing that."

LISTEN ABOVE

The Education Minister denies ever considering banning Virtual Private Networks as part of the social media ban for under-16s, but says the tool was talked about.
The Post reported this morning Erica Stanford was looking at prohibiting VPNs, which lets internet users mask their location and online address.
The Prime Minister and Stanford rejected the claim.
She says they discussed VPNs in a different context.&nbsp;
"They can be used for children to get around social media bans, and we also talked about the fact that big tech firms have the ability to know when children are doing that."
LISTEN ABOVE

Erica Stanford: Education Minister explains why Government not looking to ban VPNs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bf16282a-2fd6-492b-a1fb-b4800064e395/transcript

The Government's celebrating the new diesel storage tanks opening at Marsden Point.

The Northland site will store 93 million litres emergency reserve, ordered at the peak of the fuel crisis, in April. 

It paid Channel Infrastructure to upgrade its tanks. 

Newstalk ZB senior political correspondent Barry Soper says the Government's looking to boost up emergency supplies following the uncertainty of the Middle East conflict. 

LISTEN ABOVE

The Government's celebrating the new diesel storage tanks opening at Marsden Point.
The Northland site will store 93 million litres emergency reserve, ordered at the peak of the fuel crisis, in April.&nbsp;
It paid Channel Infrastructure to upgrade its tanks.&nbsp;
Newstalk ZB senior political correspondent Barry Soper says the Government's looking to boost up emergency supplies following the uncertainty of the Middle East conflict.&nbsp;
LISTEN ABOVE

Barry Soper: Newstalk ZB senior political correspondent on the Government opening new diesel storage at Marsden Point

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/57d3613d-0c0a-41a1-96c0-b4800060cffb/transcript

John Journee: Warehouse Group interim CEO on the company's multi-million dollar net loss

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