Close
 

Retail’s rising stars from the Deloitte Fast 50 awards

  • News
  • November 5, 2015
  • Elly Strang
Retail’s rising stars from the Deloitte Fast 50 awards

If you weren’t sure, the Deloitte Fast 50 – run by audit, tax and consulting firm Deloitte – ranks the growth rate of the fastest growing companies in the world across a range of sectors.

To enter, companies need to have an operating revenue over a certain amount. In 2013, it was over $300,000.

They also need to have been running for at least three years and meet the threshold for entry, which was 194 percent growth this year.

Previous year’s retail winners have included Onceit, Pita Pit New Zealand, Trade Me, I Love Ugly and 2 Cheap Cars.

This year, 37 companies are appearing in the list for the first time. Out of the 50, 35 have revenues under $5 million.

Deloitte private partner Bill Hale says the level of diversity in the fast 50 shows any type of business can do well across New Zealand with the right approach.

“This is important as it creates job opportunities across more than just the tech industry, and demonstrates that SME businesses can be successful in their niche with good strategy and good execution,” Hale says.

“The high percentage of first-timers and the large number of smaller companies with revenue under $5 million suggests that there is plenty more growing to do for this year’s group of companies.”

Here’s a rundown on this year’s retail-related winners:

Mad Group (Mad Mex, Habitual Fix) ranking: number three. Growth: 603 percent.



Mad Mex is an Australian-founded Mexican food chain that was brought to New Zealand in 2013 by Habitual Fix co-founder James Tucker. The company serves gourmet Mexican fare, with options like quesadillas, burritos and churros. There are seven stores open in Auckland, Wellington and Hamilton so far. Mad Group attempted to raise funds via equity crowdfunding earlier this year to expand its stores, but fell $291,100 short of its $750,000 target. Tucker has said he believes New Zealand could support 30 to 50 Mad Mex stores.

Naveya & Sloane (jewellery house) ranking: number four. Growth: 552 percent.

Naveya & Sloane is an Auckland-based company that designs custom jewellery, with rings made to order at its Auckland showroom. It was founded by partners Alex Bunnett and former Huffer womenswear designer Rachel Sloane in late 2009, who wanted to disrupt an age-old category: engagement rings. The company also wants to make the engagement process easier for guys and offers a helping hand to clueless suitors through ‘The Gentlemen’s Guide’, an online how-to guide on the ins and outs of proposing and the jewellery involved. ““There doesn’t seem to be an obvious choice for men in New Zealand at the moment when it comes to engagement jewellery,” Sloane told Idealog. “There’s a real stereotype of an old lady standing behind a counter full of ready-made diamond rings. That’s a stereotype we want to break away from.” Nayeva & Sloane was also named the fastest growing manufacturer in Auckland and the Upper North Island.

Vend (point-of-sales and retail platform) ranking: number seven. Growth: 503 percent.



Vend is an incredibly well-known Kiwi success story founded by the man with the impressive moustache, Vaughan Rowsell. Founded in 2010, it produces cloud-based point of sale software that many retailers are using. Since its launch, it has expanded into more than 140 countries and is used in over 15,000 stores. Some of its most famous clients include NASA and Disney. The company has offices in San Francisco, Toronto, Melbourne, London and Wellington, but its headquarters remains nestled in the heart of Newmarket, Auckland. Vend was also named the fastest growing technology business in Auckland and the upper North Island.

Gore Flooring Xtra Colour Plus (design and interiors) ranking: number eight. Growth: 478 percent.



Two well-known brands, Flooring Xtra and Colour Plus, decided to joined forces in Gore in June this year to create a design store that fulfills all of a customer's needs. With an impressive 478 percent growth, the store is a force to be reckoned with. It offers everything from tiles, to wallpaper, to home decor, to blinds and curtains and is owned and managed by Wayne and Julia Eade, who work on both small and large scale projects for clients. It was also named the fastest growing retail or consumer products business in Otago and the lower South Island.
 

Last Season (online apparel) ranking: number 20. Growth: 308 percent.



Last Season is a discount clothing website based in Hamilton that sells men’s, women’s and children’s clothing. It was founded by Jeremy Mould and Chris Atkins in 2011, who collectively have experience across fashion, sales, buying and IT. The focus for stock is on surf, skate, snow and streetwear brands. Its concept is simple – pick up seasonal offcasts out of the Northern Hemisphere and sell them when the season is happening here. The company named The Warehouse as its biggest online retail competition. Atkins told Stuff running the site is “more work than retail without a doubt”.

Kowtow clothing (men’s and womenswear) ranking: number 22. Growth: 290 percent.


Kowtow clothing is a fashion brand with a difference. The Wellington-based label makes certified fair trade, organic clothing, which has now branched out into underwear, accessories and even homewares. Founder Gosia Piatek was born in Poland and first arrived in New Zealand as a refugee with a family that had just $200 and two children to feed. She founded her business in 2007 with a $10,000 WorkStart grant, and nursed Kowtow into a fully-fledged fashion label. It’s the Deloitte Fast 50 fastest growing retail or consumer products business in Wellington and the lower North Island this year.
 

Bird On a Wire (food) ranking: number 23. Growth: 288 percent.

Founded in 2012 by co-owners Ben Grant, Sophie Gilmour and David Holmes, Bird On a Wire was launched to fill the gap in the market for a free-range rotisserie chicken outlet in Auckland. All three have experience in the hospitality industry and are under 30. Bird on a Wire now boasts stores in Ponsonby and Takapuna and two stores in the CBD. It also regularly does catering for events and music festivals. The company orders nearly five tonnes of free-range chicken a month and tries to buy the products locally where possible and wants to branch into organic birds.

Special mention: Dairy product company Lewis Road Creamery, of chocolate milk fame, was named the 2015 national Rising Star. 

For a look at what has happened to the previous 16 year’s Deloitte Fast 50 winners, read this excellent piece at our sister site Idealog.

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

 

Direct sales: How multi-level marketing works

  • News
  • April 18, 2019
  • Sarah Dunn
Direct sales: How multi-level marketing works

The $200 million-plus direct sales economy contains many lessons retailers can use. As part of a wider look at this thriving corner of retail, we created a quick explainer showing how this business model typically works.

Read more
 
 

Direct sales: Meet the upliners

  • News
  • April 18, 2019
  • Sarah Dunn
Direct sales: Meet the upliners

We profiled different participants in the direct sales industry to find out what retailers can learn from them. Meet Isagenix distributors Adam Nesbitt and Bianca Bathurst.

Read more
 
 

Direct sales: Meet the business builder

  • News
  • April 18, 2019
  • Sarah Dunn
Direct sales: Meet the business builder

As part of a wider story looking at what retailers can learn from the direct sales industry, we profiled Isagenix distributor Ben Frost.

Read more
 

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
topics
Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Sisterhood
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...
 
News

Leveling up: Exploring multi-level marketing in New Zealand

Is the $200 million-plus direct sales economy retail by another name or something different? Regardless, what can we learn from it?

 
 

A spectrum of retailers

  • Opinion
  • April 18, 2019
  • David Farrell
A spectrum of retailers

In recognition of April being Autism Awareness Month, retail commentator Dave Farrell considers the role of those on the spectrum in retail.

Read more
 

How on-trend is your retail business?

  • Sponsored Content
  • April 18, 2019
  • Sponsored content
How on-trend is your retail business?

New insights from Visa highlight five evolving trends emerging from savvy retailers around the world. We’ve taken these global trends and looked at how they are playing out with merchants in New Zealand, and we’d now like to hear what you think of them.

Read more
 
Next page
Results for
Topics
Jobs
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

Advertise
The Register

editor@theregister.co.nz

Content marketing/advertising? Email anita.hayhoe@icg.co.nz or call 022 639 3004

View Media Kit

}