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

National business

Masala Indian restaurant chain assets frozen in High Court order Sweden's IKEA loses right to use its own name in Indonesia Bay of Islands businesses prepare for busy weekend Richie McCaw thrills Retirement Commissioner with challenge to Kiwis Cruise ship Azamara Quest 'hit rocks in Marlborough' ANZ traders scandal drags in other banks Kiwi company teams up with World Rugby to fight the risks of concussion Did this rare Ferrari break the world auction price record? Beauty vlogging entrepreneurs earning big bucks from home Smirking Shkreli refuses lawmakers' questions, calls them 'imbeciles'

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