Retail experts take stock of a challenging year.
Lawrence Railton’s apparel retailer and wholesaler sells $500m worth of product a year, and is still expanding.
Blank clothing brand, which was founded by Lawrence Railton in 2005, now has 27 retail sites around the world.
The Wesfarmers subsidiary on Tuesday revealed its Kmart NZ revenue had cracked $1 billion for the first time.
But net profit after tax has dipped at the retailer.
‘We need smart regulation, not knee-jerk bans,’ Retail NZ boss Carolyn Young says.
The first real breath of fresh air into a ‘pretty hammered’ CBD, developer Andrew Krukziener says.
The home appliance retailer was tipped into liquidation and receivership earlier this year.
The parent entity of the outdoor retailer no longer expects to make a loss next year.
Pet food business specialising in wild proteins has gone into liquidation, while a US subsidiary continues to stack up losses.