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

 


Warehouse Group to Work with The Good Guys as they exit NZ

The Warehouse Group to Work with The Good Guys as they exit NZ


Discount electrical goods retailer Good Guys has decided to leave the New Zealand market and will work with The Warehouse Group (TW Group) to minimise disruption and any potential impact to customers, employees and store landlords as it exits.

TW Group CEO Mark Powell said that while they were not acquiring the Good Guys business, after the Good Guys stores have closed TW Group will take on the five Good Guys stores site leases, work with Good Guys to offer as many as possible of their employees alternative employment and would use Noel Leeming stores to allow former Good Guys customers to return faulty product. “Our goal is to minimise the impact of Good Guys closure on its team members, customers, landlords, and the wider business community,” said Mr Powell.

TW Group will take over the lease of the five Good Guys stores at Albany, Wairau Park, Manukau, Botany and Sylvia Park. The Group would look to utilise these retail spaces across a mix of its retail brands said Mr Powell. TW Group’s stores comprise The Warehouse, Warehouse Stationery, Noel Leeming Group, Torpedo 7 and R&R Sports.

Mr Powell said that the transition arrangement offered benefits to the TW Group, including an ability to expand its store networks in additional locations, as well as the potential to add new experienced retail team members in the Auckland region.

-ENDS-


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news