Retail giant to roll out finance products
After a delay of over a year, discount retail giant The Warehouse, is about to announce the launch of its branded financial services products.
After a delay of over a year, discount retail giant The Warehouse, is about to announce the launch of its branded financial services products.
Chief operating officer for The Warehouse, Greg Muir, says the company should be in a position to give details of the financial products launch before Christmas this year.
The Warehouse was set to offer a range of financial products through its nationwide chain of stores earlier this year before the collapse of its deal with a prospective partner (rumoured at the time to be WestpacTrust).
“We’re now dealing with a different provider than last year,” Muir says.
“We went a long distance with the previous one but ultimately it was not the right choice.”
Muir says The Warehouse has been talking to a new prospective partner for two months and has progressed a lot further than in its earlier negotiations.
However, he says under the new deal The Warehouse will be able to offer the same range of products as previously planned.
The Warehouse has also begun an expansion into Australia with the purchase of two discount retailers giving it access to more than 100 stores.
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