However, the index is still elevated compared to the 2024 weekly average.

The latest move follows a pop-up push in Los Angeles and the appointment of Brett Blundy to its board of directors.

City Chic is chasing a revenue and earnings lift for FY25 following a tumultuous two years.

Black Friday/Cyber Monday retail sales are projected to hit $6.7 billion this year.

Both stores will open on November 28.

“We were overwhelmed by the support for our campaign last year,” co-founder Amy Jones said.

"My advice to the team is it's going to take time," Cosette director Don Grover said.

It follows several years of international growth and shifting away from a wholesale-heavy model.

A spokesperson for the department store said it follows a recent review of its Supplier Code of Conduct.

Retail NZ CEO Carolyn Young said these latest statistics show that the retail sector is continuing to face challenges.

The administrators have yet to table their final report, which could see these numbers change.

Sales promotions appear to be eating into Accent Group's margins, Citi analysts report.

This is being driven by continued growth in Lovisa's store network over the past year. 

Bennett joined five other industry leaders who were awarded at the event.

“Businesses should be able to use CCTV and AI technology," NRA special advisor the Hon Trevor Evans said.

Brand Collective will take on local operations of the brand from Hanes Australasia.