The Warehouse closes TheMarket.com after sales worsen
Heather du Plessis-Allan Drive - A podcast by Newstalk ZB - Wednesdays
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. See omnystudio.com/listener for privacy information.
