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PK Furniture goes into receivership

  • News
  • May 17, 2017
  • The Register team
PK Furniture goes into receivership

One of New Zealand’s most well-known furniture stores, PK Furniture, has gone into receivership as of yesterday.

The chain, which has 17 stores in the North Island, is owned by Greenmark Wholesaler (NZ) whose website has also been taken down.

A closure noticed attached to one of the PK Furniture stores says all stock that was sold subsequent to May 15 is on a “as is, where is” basis.

The confirmation by creditors notice by the wholesaler notes the appointment of receivers and managers and the freezing of all unsecured debts as at May 15.

Andrew McKay and Andrew Bathell were appointed receivers of Greenmark Wholesalers, following a request from the director to the bank.

The company’s note says that the receivership involves all stores over the North Island, yet are planning to continue to trade from all stores from May 18. Stores are closed today as employees do stock take.

Those who have purchased anything from PK Furniture and have yet to receive goods are encouraged to email their support systems to sort the location and pick up of their items.

The release of the seven-year-old chain also stresses the importance of not approaching the PK staff for information as they will not know details at this point. PK Furniture employs over 150 staff.

Currently the store is expected to find a buyer. The PK Furniture Facebook has also been deactivated.

In 2015 to now, PK Furniture have opened eight new stores, including Botany, Henderson, St Lukes, Taurganga, Hamilton, New Plymouth, Pukekohe and Palmerston North. 

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Kiwi retailers cash in on Singles’ Day

  • News
  • November 21, 2017
  • Sarah Dunn
Kiwi retailers cash in on Singles’ Day

The Chinese holiday Singles’ Day, popularised by Alibaba as the ’11.11 Global Shopping Festival’, is now the biggest sale event in the world. Alibaba reports that US$25.3 billion of gross merchandise volume was settled during the 24 hours of Singles’ Day this year. Not all of that went to Chinese retailers, however – a handful of Kiwis made the most of the opportunity.

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Updated: Noel Leeming launches a dedicated after-purchase services division

  • Technology
  • November 20, 2017
  • Sarah Dunn
Updated: Noel Leeming launches a dedicated after-purchase services division

The Warehouse Group’s electronics retailer Noel Leeming has been looking at expanding its focus on services this year. Now, it’s launched a dedicated after-purchase services division: MyTechSolution. The change also means that customers will be charged for access to Noel Leeming's helpdesk if the request goes beyond a "quick fix".

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Cameras aren’t just for security anymore

  • In Association with Axis Communications / Sektor
  • November 20, 2017
Cameras aren’t just for security anymore

In-store video cameras revolutionised loss prevention when they first became available to retailers, but as camera technology continues to evolve, they can now provide a plethora of data that supports better business decisions.

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Sale squared: Onceit talks deep discounts and sale events

  • News
  • November 20, 2017
  • Sarah Dunn
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Kiwi high-end clearance ecommerce store Onceit works with more than 400 suppliers from New Zealand’s fashion, beauty and homewares industries to offload excess stock without brand damage. We had a chat with executive director Jay Goodey ahead of its once-yearly sale of sales.

Read more
 
 
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