The Warehouse Group's chief executive is confident he can turn the retail giant around. 

It's reporting an annual net loss of $2.76 million dollars - a major improvement from last year's $54.2 million dollar loss.

Noel Leeming is performing the best, with revenue up 3.3 percent.

Chief executive Mark Stirton says they're moving away from a digital focus to give more attention to shoppers in-store. 

"Our urban areas are where we've got a lot more competition - we probably haven't invested enough in the store experience, and things like lighting and visual merchandising and the way we present our product."

LISTEN ABOVE

• 'Delighted': Warehouse Group appoints new CEO
• The Warehouse is back making profit: 'It's a work in progress'
• Warehouse group posts $54.2m net loss: Can they turn their luck around?
• Warehouse Group blames poor strategy and execution for $54.2m loss