Warehouse Group Hold Annual General Meeting(Keith Smith)

Warehouse Chairman Keith Smith speaks to shareholders during the Warehouse Group Annual General Meeting at the Ellerslie Convention Centre on November 28, 2008 in Auckland, New Zealand. With consumer spending down and with retail markets in a decline, sales for Warehouse Group Ltd. have dropped and New Zealand's largest discount retail store is faced with takeover bids from competitors. (Photo by Hannah Johnston/Getty Images) *** Local Caption *** Keith Smith

( - Photo by Hannah Johnston/Getty Images AsiaPac)