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Hannahs and Number One Shoes change hands again

  • News
  • October 12, 2017
  • Sarah Dunn
Hannahs and Number One Shoes change hands again

Australian automotive parts company Bapcor has signed sale agreements for its New Zealand Footwear division, comprising Kiwi footwear chains Hannahs and Number One Shoes. The sale comes less than a year after Bapcor acquired the chains’ former owner, Hellaby Holdings, for $352 million.

Hannahs has 52 stores around New Zealand, plus one Pulp and 10 Hush Puppies sister stores. Number One Shoes has 51 stores.

A post shared by Hannahs NZ (@hannahsnz) on

Hellaby initiated a restructure for its footwear brands in September 2016 to address flagging performance.  The Hannahs brand and stores received a refresh, and Number One Shoes was intended to return to its origins as a bulk offering after “migrating up the value chain”.

At the time of the February 1 2017 acquisition, Bapcor indicated that it would likely seek to keep Hellaby’s automotive businesses and sell the non-core businesses. These sales have now gone ahead for Hannahs and Number One Shoes and contract resources businesses.

A release provided by Bapcor to the ASX says the sales are expected to be completed over the rest of this month. It is also working to divest TBS Group.

“Expected proceeds from the total sales of non-core assets are consistent with Bapcor achieving the value of “assets held for sale” as disclosed in Bapcor’s June 2017 accounts of NZ$92m.”

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Wondermins designer vitamins launch in New Zealand

  • News
  • April 19, 2018
  • Sarah Dunn
Wondermins designer vitamins launch in New Zealand

In the US, branded vitamins taking their visual language from the beauty world are a trendy new product category that retailers are racing to invest in. A New Zealand company has launched its own AI-enabled answer to the trend: Wondermins.

Read more
 
 
 
 

The April/May issue of NZ Retail magazine is headed to subscribers

  • News
  • April 19, 2018
  • The Register team
The April/May issue of NZ Retail magazine is headed to subscribers

Our newest edition of The Register’s print magazine, NZ Retail, is on its way to a letterbox near you. In it, we explore the highly specialised world of airport retail; explain how retailers can roll with upcoming changes to employment law; take you to not one but two US trade fairs with the International Home + Housewares Show and Shoptalk; trace the ecosystem behind stock units; and take a totally mature and non-salacious look at the hard growth behind adult toy retail.

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The key of the evolving brand

  • Opinion
  • April 17, 2018
  • Regan Savage
The key of the evolving brand

Regan Savage reckons there might be something modern brands can learn from the evolution of one of pop culture’s most enduring characters.

Read more
 
 
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