Administrators working quickly on Godfreys, five NZ stores closed

Administrators working quickly on Godfreys, five NZ stores closed
(Image: Google)
Riley Kennedy
The administrators of Godfreys' local business are moving quickly, closing five stores across the country within 24 hours of being appointed.PwC’s Stephen White and John Fisk were appointed to NZ Vacuum Cleaner Company – the vacuum and commercial floorcare retailer’s New Zealand business – on Tuesday, signalling store closures were likely as they looked to sell the company. The pair joined their PwC colleagues across the Tasman – Craig Crosbie, Robert Ditrich and Daniel Whalley – taking control of th...

More Retail

Michael Hill International forecasts sharply lower earnings
Retail

Michael Hill International forecasts sharply lower earnings

The middle of the forecast range is a 75% drop year-on-year. 

Gregor Thompson 19 Jul 2024
ComCom still concerned at loss of competition from Foodstuffs merger
Retail

ComCom still concerned at loss of competition from Foodstuffs merger

The regulator is seeking submissions on unresolved issues with the proposed merger.

Staff reporters 16 Jul 2024
June card spending data bleak, says economist
Retail

June card spending data bleak, says economist

Retail spending fell a seasonally adjusted 0.6% in a month to $6.4 billion.

Gregor Thompson 12 Jul 2024
Warehouse Group to cut jobs at its head office
Retail

Warehouse Group to cut jobs at its head office

The company had already indicated last month that it was looking to trim staffing.

Gregor Thompson 12 Jul 2024