CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store

Tue, 17 Feb 2015

(Corrects net sale amount in second par to $16.8 million) By Suze Metherell Feb. 18 (BusinessDesk) - Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of its Harbour City Centre before deciding whether to return the proceeds to shareholders. The retailer is considering a possible capital return, most likely in the form of an off-market share buyback, to return some of the proceeds from last year's sale of its iconic inner-city building in Wellin...

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