In a series of articles run in The Register's print magazine, NZ Retail, Sarah Dunn considers the practical realities of launching a boutique retail operation. To help visualise this, Dunn made up an imaginary retail proposition called Scribble Kitty - it's a utopian palace combining comic shop and cat cafe. In this installment, she looks at the role of finance.
Prestige menswear label Crane Brothers has started offering a finance option. Founder and managing director Murray Crane says weddings have been the main driver, explaining that the launch at the start of this month is aimed to support custom from grooms currently planning their weddings for early next year.
Over in the UK, high street retailer British Home Stores (BHS) is in trouble. Ben Goodale, managing director of ad agency justONE, examines what this means for Kiwi retailers.
Yet another New Zealand apparel retailer has felt the crunch of a competitive market jam-packed with local and overseas brands. Wild Pair’s directors Paul and Michael Donovan have put the company into receivership, but business will continue to run as usual.