Kitchen Things tipped into receivership, 12 stores closed

Kitchen Things tipped into receivership, 12 stores closed
Kitchen Things in Morrow St, Newmarket. The company, which has 12 stores in New Zealand, has gone into receivership. (Image: NZME)
Staff reporters
Nationwide premium kitchen and laundry appliance company Kitchen Things has gone into receivership after sustaining ongoing trading losses.Kitchen Things has 11 stores in New Zealand, all of which have been temporarily closed.Russell Moore, Stephen Keen and Adele Hicks of Grant Thornton NZ have been appointed receivers.The receivers said the group has faced sustained pressure from weaker consumer demand and increased competition on pricing over the past two years.'Assess stock'Efforts to restructure and reduce costs have not been suffic...

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