JK Kids failure a symptom of headwinds facing NZ clothing retailers from internet rivals

Tue, 26 Nov 2013

By Tina Morrison Nov. 26 (BusinessDesk) – JK Kids decision to close after 18 years is a symptom of ongoing headwinds faced by New Zealand clothing retailers from international brands via the internet and consumer preference for discount stores and hand-me-downs, a top analyst says. Christchurch-based JK Kids yesterday cut all of its stock to half price in a closing sale, saying it faces increased competition from online retailers overseas. “I have always had quite a cynical view on that whole sector, so I think it just reinforces how awful...

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