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H&M announces it’s opening a New Zealand store in 2016

  • News
  • September 25, 2015
  • Elly Strang
H&M announces it’s opening a New Zealand store in 2016

H&M’s online ecommerce site doesn’t currently ship to New Zealand, so fans of the brand will welcome the news.

CEO Karl-Johan Persson says as H&M expands into new online markets rapidly, they’re upping the ante with bricks and mortar stores, too.

“In parallel with our rapid online expansion we are also opening stores at a fast pace,” Persson says.

“In the fourth quarter we will open approximately 240 new stores net – which is almost three new stores per day.”

“Next year, we plan to open stores in three new markets: New Zealand, Cyprus and Puerto Rico.”

Though there’s no information yet on where the store will open, the Auckland CBD has been ripe for the picking for international companies.

Topshop opened its first stand alone store on Queen St in March, while Tiffany & Co. announced it would open a store at Britomart in late 2016.

Chanel is also slated to open a store at Britomart, although it hasn’t officially announced its arrival.

Other recent additions to the Auckland CBD include Prada, Dior and Swarovski.

Seed Heritage and FCUK have also opened shops in Auckland in the last year.

Meanwhile, in Wellington, David Jones is replacing Kirkcaldie and Stains in mid-2016.

There are also rumours swirling that companies like Apple and Zara have been eyeing up a spot in Auckland.

A shop in Milford Mall on Auckland’s North Shore, The Store, exclusively stocked the Zara brand, but mysteriously closed its doors after little under a week and has not opened since.

JLL national director of retail sales and leasing Chris Beasleigh told The Register international retailers have been looking to enter the New Zealand market for a while, but the time is right now.

“The New Zealand economy’s going well and we’ve got strong growth from China in regards to tourism, as they're one of the biggest spenders at luxury goods stores,” Beasleigh says. 

“I think it’s a combination of a good economy, good growth of immigration and also Chinese tourism.”

He predicted Tiffany & Co. entering the market is just the start, as proven by H&M’s announcement. 

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Military-style semi-automatics ban announced

  • News
  • March 21, 2019
  • The Register team
Military-style semi-automatics ban announced

As of 3pm on March 21, a wide range of semi-automatic weapons have been reclassified under section 74A(c) of the Arms Act as requiring an E endorsement on a firearms license. This means they can no longer be sold to those with A-category gun licenses, and their purchase now requires police approval.

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Retailers gather for insights at NZ Retail and The Register's breakfast

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  • March 21, 2019
  • The Register
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NZ Retail and The Register’s sales and marketing breakfast saw dozens of Kiwi retailers come together to network, sharing tips and tricks and absorbing expert advice.

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  • News
  • March 21, 2019
  • Kelly Withers
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Results are starting to trickle in from Christmas 2018/2019, and for many retailers, they're a little disappointing. Paydar chief executive and co-founder Kelly Withers explores the data.

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  • News
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