The Warehouse Group will close the online shopping website TheMarket.com in late June after about five years of business – after it failed to find a buyer.

Earlier this year, they sold Torpedo7 for $1.

Devon Funds Management head of Retail, Greg Smith told Heather du Plessis Allan “They launched this in 2019 as New Zealand’s answer to Amazon.”

Smith said “Part of this is about trying to improve the focus, they do seem to have lost their way,”

LISTEN ABOVE.

The Warehouse Group will close the online shopping website TheMarket.com in late June after about five years of business – after it failed to find a buyer. 
Earlier this year, they sold Torpedo7 for $1. 
Devon Funds Management head of Retail, Greg Smith told Heather du Plessis Allan “They launched this in 2019 as New Zealand’s answer to Amazon.” 
Smith said “Part of this is about trying to improve the focus, they do seem to have lost their way,” 
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.

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