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Warehouse Group Restructures to Cut $30 Million Costs

11/17/2025

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Summary

Story summary

The Warehouse Group will restructure to lower its cost of doing business to below 31% of sales and cut about $30 million, with consultations beginning and details on affected roles not yet available.
In the first quarter of fiscal year 2026, the group posted sales of $674.1 million, up 0.9% and with growth across all brands.
Gross profit margins were down 40 basis points year-to-date, despite online sales rising 8.2%.

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Story summary

The Warehouse Group will restructure to lower its cost of doing business to below 31% of sales and cut about $30 million, with consultations beginning and details on affected roles not yet available.
In the first quarter of fiscal year 2026, the group posted sales of $674.1 million, up 0.9% and with growth across all brands.
Gross profit margins were down 40 basis points year-to-date, despite online sales rising 8.2%.