The Red Sheds reported sales of $940m, which was down, from $975.1m in half-year 2017 due to the transition in pricing and product strategy resulting in a reduction in average selling price.

This result also comes off the back of the Warehouse Group's sale of the company's the financial services business earlier this year.

The Warehouse Group employs over 12,000 staff across the nation, through 93 Warehouse stores, 74 Noel Leeming stores. five Lifestyle Appliance stores, 70 Warehouse Stationery stores, 11 Torpedo7 stores and its online businesses.