Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

FlyingPig.co.nz "gets back to basics"

News Release basics – 1
July 23, 2000

FlyingPig.co.nz "gets back to basics"

Auckland-based Internet retailer FlyingPig.co.nz has announced a restructuring of its business after last week calling off its merger with Australian e-tailer TheSpot.com.au.

A change in business focus will result in 20 full time FlyingPig.co.nz staff leaving the business.

FlyingPig.co.nz executive chairman Stefan Preston said the change in availability of cheap capital meant it no longer made sense to grow infrastructure and services faster than could be justified by customer demand.

The company would now focus on developing its successful core categories — books, videos/DVDs, software and stationery — and improving and automating internal systems for efficient operation.

“Flyingpig.co.nz has done well to establish such a strong brand in a short time and the key challenge now is to capitalise on the growing revenue stream by backing it with an increasingly reliable and cost effective delivery system.

“Flyingpig.co.nz is backed by three major public companies which have pledged continued support through our next phase of growth,” Mr Preston said.

He said FlyingPig.co.nz would be doing all it could to assist its staff with new positions.

Issued by 141 Palace Plus for FlyingPig.co.nz


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: