Retail chain plans to shut up shop

JAZIAL CROSSLEY
Last updated 11:35 25/02/2013

Have job cuts hit your family?

Share your stories, photos and videos.

Relevant offers

Industries

Family of the late microlight pioneer Max Clear put his Te Kowhai airfield up for sale Aussie owner of Wellington offices gets OIO nod for $100m property fund AA warns Z Energy's Caltex takeover could lead to higher petrol prices Unqualified builder forced to pay $750,000 for leaky Auckland home he built Comvita's virtual reality only as good as the technology Panama Papers: Uruguayan link to $6m farm sale Five things to know about Mitsubishi scandal 'Cactus' skin aids electric car efficiency Panama Papers: Prime Minister says Panama firm link to NZ land sale 'irrelevant' First Table hungry for slice of the early-bird dining market

Retail fashion chain Suzanne Grae has announced a ''last resort'' proposal to shut down all of its 19 New Zealand stores, just over a year after launching here.

The potential closure puts about 100 jobs at risk.

The women's fashion stores owned by Australian company Sussan Group had a retail presence in New Zealand since 2006.

After declining sales, in November 2011 the remaining six of its Sussan stores were rebranded as the lower budget Suzanne Grae which specialises in garments for women aged from 40 to over 50.

Suzanne Grae chief executive Carole Molyneaux said it had thoroughly reviewed its business in New Zealand.

''Despite our best efforts to meet local customer requirements on range, price and service, we have not been able to establish a sustainable business.''

It had eight shops in Auckland and others in Rotorua, Christchurch, Wellington, Whangarei, New Plymouth and Dunedin.

Molyneaux said all of its 100 staff would be entitled to conditions under their employment contracts should the closure, over a progressive 11 month period, be effective.

''Consultation has commenced with staff to gain their views and input on the proposed closures. A final decision will depend on the outcome of the employee consultation process.''

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content