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Topshop's voluntary administration

  • News
  • May 25, 2017
Topshop's voluntary administration

Popular international retailer Topshop has announced the brand's placement into voluntary administration. But why are New Zealand stores dodging the bullet?

The fast-paced retail chain has gone into voluntary administration following the choice to restructure its businesses presence across Australia.

Topshop administrator James Stewart said in an official statement that business elsewhere will run as usual and all employees will continue to be paid throughout the restructure.

“It will be business as usual as administrators work with owners of the Topshop/Topman brand on supporting the business…to a stable platform going forward,” Stewart said.

The fashion retailer has nine stand-alone stores and 17 concessions in Myer outlets across the nation, alongside an online business.

So how will the New Zealand Topshop stores be affected by the restructure?

They won’t.

Only Australian stores are being restructured, New Zealand and other International stores will operate at usual.

Our New Zealand franchise stores are separate from the international ones. Topshop New Zealand has said in a statement that the situation did not have any effect on New Zealand business operations.

The brand which acts as an umbrella for 50 + other labels is owned by parent organisation Arcadia Group.

Topshop opened its first New Zealand store in Auckland’s CBD in March 2015, followed by the opening of its second store in Wellington, late 2016.

The Auckland opening was so anticipated the que to enter went far down Queen street. 

The brand’s national annual sales totalled about $90 million dollars since stores opened in Australia 2011.
 

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Black Friday and Cyber Monday: Deals for Kiwis

  • News
  • November 22, 2017
  • Courtney Devereux
Black Friday and Cyber Monday: Deals for Kiwis

On the weekend starting 24 November, many retailers will lower prices in a day-long sale. From independent stores to multichannel retailers, who is jumping on the Black Friday and Cyber Monday bandwagon?

Read more
 
 

Enhancing the experience: A growing demand

  • Design
  • November 22, 2017
  • Courtney Devereux
Enhancing the experience: A growing demand

Some commentators think food and integrated hospitality offerings will save brick and mortar retail from obsolescence in the age of ecommerce. But does catering to the consumer’s every need result in sales, or are shoppers moving on without making a purchase? In the Enhancing the experience series Courtney Devereux looks into why these two different sectors are working together.

Read more
 
 
 
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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".

Read more
 

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.

Read more
 
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