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“Our 20th year has been one of renewed momentum,” founder and CEO Dipendra Goenka says. Read more
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The surge in consumer runways at AFW in recent years has caused tension. But history shows it was inevitable.
This comes weeks after CFO Chris Lauder tendered his resignation after nine years with the business.
The national retailer has since responded to the allegations.
“Retailers will be hoping that Kiwis will spend big in the Christmas quarter,” Retail NZ CEO Carolyn Young says.
KPMG is predicting another cash rate rise in November.
Following the closures, the business is expected to have around 20 stores left.
This comes after the business reported a 26% drop in sales in FY26.
Total first-time insolvencies have peaked in August this year, with retail insolvencies scaling steadily since 2022.
“Merrell Emporium is a global first," Accent Group brand general manager Joel Biggins said.
Black Pepper is also planning to open a new store there.
This comes as some fashion brands and retailers hit the wall this year, including Cue & Co and Stax.
