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New Zealand stores from Marcs and David Lawrence to close

  • News
  • March 10, 2017
  • Sarah Dunn
New Zealand stores from Marcs and David Lawrence to close

Just under a month after the closure of 13 Australian stores was announced, administrator Rodgers Reidy is to close all of the troubled labels’ 10 New Zealand outlets as well.

The businesses were placed into voluntary administration on February 2 by the Sydney-based owner of fashion labels Marcs and David Lawrence, trading in New Zealand as M. Webster Holdings. The factors cited included deteriorating sales, “general market conditions” and poor cash flow.

The permanent closures in New Zealand will remove Marcs and David Lawrence from the Kiwi market as retailers, and will affect 11 full-time staff, 22 part-timers and 11 casual workers.

In a statement, administrator and director of Rodgers Reidy, Andrew Barnden, said:

“Both brands have been operating in New Zealand for more than 10 years. As administrators, we have an obligation to restructure the operations of the Australian and New Zealand businesses while we attempt to sell the business as a going concern.”

“Whilst the stores are permanently closing, New Zealanders will have a great opportunity to purchase quality apparel at discounted prices. We hope loyal customers take advantage of this final opportunity to buy great product from these iconic brands”.

The stores will be discounting stock from today onwards, and will close progressively over the next few months. Store credits and gift vouchers will be redeemed in full only if spent before March 31 and on condition of purchasing an equal amount of goods in-store.

Barnden says 177 Marcs and David Lawrence stores continue to trade. Prior to the closures, the labels collectively operated 52 standalone stores, 11 outlets and more than 140 concession stores operating across Australia and New Zealand.

“Marcs and David Lawrence stores in Australia will continue to trade in Australia until further notice while the administrators are dealing with interested parties,” Barnden says.

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Do you need a marketing plan?

  • Opinion
  • December 14, 2017
  • Juanita Neville-Te Rito
Do you need a marketing plan?

Perhaps you have been running your retail store for years and have lost track with having a marketing plan. Perhaps you have never even had one? But if you don’t, then you haven’t focused your attention on who your customer is or how you’ll reach them.

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#Trending: Voice activation

  • News
  • December 13, 2017
#Trending: Voice activation

All the big names have the same thing in mind. Google, Apple, Amazon and Samsung all want us yelling at machines. Voice activation is not unlike casting a spell: say a few words into the air, and a nearby device can grant your request.

Read more
 
 

Pumpkin Patch is reborn as an Australian company

  • News
  • December 13, 2017
  • Sarah Dunn
Pumpkin Patch is reborn as an Australian company

Following its collapse over 2015 and 2016, Pumpkin patch was purchased by Australian ecommerce retailer Catch Group with plans to relaunch the brand online. Pumpkin Patch’s ecommerce store is now live in Australia and New Zealand.

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