Insight from inside the walls of New Zealand’s remaining department stores.
A prolonged and deep downturn could have some bright spots emerging, but analysts say it’s still too early for a recovery timeframe.
However, the vacuum and floor cleaning company expects to be able to pay some creditors.
The 74-year-old New Zealand company will contribute to an expected $100 million group revenue for 2024.
Best deal administrators could get sees Godfrey's assets bought by owner's other company and employees' full entitlements paid.
‘You have to know when it's time to call time,’ retail analyst says, as the environment for retailers continues to deteriorate.
As retailer celebrates 50 years in operation, it has made key investments to support future growth and store security.
It's the latest in a string of unfortunate events for the retail sector.
A hard and gloomy winter could lie ahead for retailers.
The incorporated society with 24 stores is shifting its strategy away from brick and mortar.