The receivers of embattled retailer Pumpkin Patch have announced more of its New Zealand and Australian stores will be shut down. A further 68 stores will be closed, including two earthquake damaged stores in the South Island that won't be reopening.
Two major retail stories hit last week - store closures at Countdown, and the opening of David Jones. David Jones got more attention, but was it really more important for the retail industry? Executive chairman of property, design and research specialist agency RCG Paul Keane mulls it over.
Four Laura Ashley stores operating in New Zealand have closed, owing creditors $2.3 million. First Retail managing director Chris Wilkinson believes that the brand probably didn’t move enough with the time and trends.