As an industry which had already been fighting for survival before the coronavirus pandemic, the stark reality is that the retail sector will never recover from the fallout of COVID-19. Walking through the corridors of Highpoint Shopping Centre during normal trading hours, more than 80% of retail stores had shut their doors, the only ones
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Australian stationery retailer, Kikki K, are the latest victim to the group of falling retail chains after news was released yesterday that the company was facing voluntary administration. While the stores and online shopping currently remain open to customers, the future of almost 500 jobs is uncertain. The swedish-design company was founded by Kristina Karllson
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Australian retailer Noni B (ASX: NBL) and Alceon Group have reached an agreement to purchase a 50.1% stake in EziBuy, a large multi-channel clothing and homewares retailer in New Zealand for an undisclosed “nominal” figure. The purchase will provide Noni B and Alceon with the majority stake in EziBuy which last year reported NZD $135m
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Amidst rising demand for natural-health solutions, kava producer Fiji Kava (ASX: FIJ) has reached an agreement with Green Cross Health (NZX: GXH) to supply kava products to more than 350 pharmacies in New Zealand. A leading healthcare provider in New Zealand, Green Cross Health will stock the kava powders and capsules exclusively for a 12-month
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Cleaning services provider Millennium Services (ASX: MIL) has advanced its New Zealand operations notably, securing a 5-year contract valued at A$41.3 million to provide cleaning services across five NZ shopping centres. The contract comprises of new work across 3 shopping centres, and an extension of terms across two others for the repeat client, an ASX-listed
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Australian fashion retailer City Chic Collective (ASX: CCX) is set to significantly expand their exposure to the lucrative U.S fashion market following the acquisition of US-based plus-size retailer Avenue Stores LLC for $24.4m. With Avenue Stores going under the hammer via commercial auction, City Chic was successful with a bid of US$16.5m (approximately A$24.4m) for
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