Revenue:down 5% to $1.633 billion in six months ending January 28.
Loss:$23.7 million, down 236%.
Key takeaway:The group is looking to sell or close TheMarket.com after it failed to achieve the growth or profitability it needed.
The Warehouse Group is expected to cut another brand loose with plans to close or sell TheMarket; however, the business would ‘never say never’ if the right opportunity came knocking.
This morning The Warehouse reported interim earnings, and tied in a notice about its intention to sell or close
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