Pumpkin Patch targets IT system, stores, inventory in strategic review

Tue, 24 Jun 2014

By Suze Metherell June 24 (BusinessDesk) - Pumpkin Patch, which slashed its full-year earnings forecast by as much as 88 percent last month, is mulling its "store footprint", stock levels, and an information technology system upgrade as it pushes on with a strategic review to drive performance above the "currently unacceptable level". The Auckland-based children's wear retailer announced the strategic review in March to try to revive its performance and has shed 52 percent of its market value this year to be the third-worst performance in...

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