Brierley launches bid for Kirkcaldie Stains
Veteran corporate raider Sir Ron Brierley has made a takeover offer for cashed-up retailer Kirkcaldie & Stains.
Veteran corporate raider Sir Ron Brierley has made a takeover offer for cashed-up retailer Kirkcaldie & Stains.
People have been warned that items bought between now and the stores' closure will not have the same guarantees as normal.
Electronics retailer Dick Smith Group, which collapsed last month, will close its 363 stores in Australia and New Zealand after its receivers couldn't find a buyer.
The company, which yesterday announced all stores would close, began in 1968 and experienced big expansion in the 1980s.
Federation Clothing and a sister firm with four Auckland stores has gone into liquidation owing creditors more than $1 million.
Travel and home improvement spend helped lift overall retail sales for the December quarter and retailers are increasingly optimistic about future market changes.
Hallenstein Glasson shares slumped after the clothing retailer warned its first-half profit had fallen around 20 per cent.
A shortage of avocados combined with increasing demand for the fruit has seen prices soar this season.
Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20pc.
New Zealand is quite unique with its population generally reliant on electronic transactions, a Retail NZ spokesman says.
Paymark blames "connectivity issues" for knocking out Eftpos system.
Kiwi shoppers are well on the way to adopting consumer behaviors akin to those sweeping Europe and North America.
Kiwis are buying more than just toys and cards at the malls - sales of movie tickets, travel and telecommunications are soaring.
Tesco used 'mafia-style' tactics to squeeze suppliers, driving some to the brink of bankruptcy.
New Zealand's oldest store trading under its original name shut up shop yesterday afternoon to make way for a David Jones store.
New Zealanders spent a record $6b shopping in December, the highest ever monthly figure recorded by Statistics New Zealand.
It's been a dramatic rise and fall for Nick Abboud, the Dick Smith boss who entered the ranks of Australia's richest executives after the firm's sharemarket float.
Nick Abboud steps down a week after the troubled electronics retailer collapsed.
Two years after the see-through yoga pants recall, Lululemon is at a turning point.
Warning to shoppers to think carefully about purchasing products in a major online sale launched by the embattled electronics seller today.
The receivers of Dick Smith have told employees it may take six-to-eight weeks to determine if the consumer electronics chain can be sold.
Listed jeweller Michael Hill's sales surge in the first half of the financial year helped by a strong performance in Australia.
The administrators appointed to embattled electronics retailer Dick Smith will host a creditors meeting.
Harvey Norman offers to give little girl who got burned by Dick Smith's receivership a laptop.
Readers offer to help girl who saved for a year to buy herself a laptop, only to have her hopes dashed by the collapse of the retailing giant.
Banks stand to benefit from appointing receivers at the retailer's "high cash point" for the year.
Troubled electronics retailer places shares in trading halt ahead of expected announcement about its debt financing.