The Warehouse Group has paid $65 million for Noel Leeming.
The Warehouse reported sales of $808.1 million down 1.6 per cent compared to the first half last year. Same store sales were down 2.6 per cent for the half and down 3.3 per cent for the second quarter.
The Warehouse Group has announced that Mark Powell will be replacing Ian Morris as group chief executive officer later in the year.
Chairman Keith Smith said in a statement that Ian Morrice will be retiring from the position but no decision on timing or succession has been made.
The directors of The Warehouse Group has advised that its total sales for the two months ended 2 January 2011, were down 2.7 per cent compared to the same period last year.