The next nearest Postie Plus outlet is in Palmerston North. The Feilding branch is one of the brand’s top 10 performing stores in New Zealand. Postie Plus is currently on a lease running through until 2020 - generating annual net rental of $84,000 plus GST. Salesperson Lewis Townshend said the conveniently located retail property was built in 2011 and had been continuously occupied by Postie Plus over the intervening years. The Feilding property is being marketed for sale by private treaty, with offers being taken until 4pm on August 3 through Bayleys Palmerston North. In New Zealand, Postie Plus currently has 65 physical stores nationwide plus a webstore offering quality women’s fashion, childrenswear, menswear, underwear and health and beauty products. Pepkor has retailing operations in 15 Countries. International retailing giant Pepkor has owned Postie Plus since 2014. It comes complete with nine on-site car parks. The administrators said today they expected it would be another two to three weeks before a. Punter was also chairman of Flotech Group and of WhisperTech, and was an independent director of the Motor Trade Association and an independent member of the Fonterra milk price panel.The Feilding branch of Postie Plus at 161 Kimbolton Road in the Manawatu township is a single storey 492 square metre premises sitting on 922 square metres of freehold land. A sale process around troubled retailer Postie Plus continues at a slow pace and without firm resolution.
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He would remain as a director to support the new chairman Richard Punter, who had been a full time professional director for 15 years and an independent director of Postie Plus since its inception in 2003.
The company also said chairman Peter van Rij had decided to step down from the position due to work commitments.
Margins would continue to be under pressure given the ongoing discounting pressure in the segment. Second half revenue was traditionally larger and that was expected to be the case this year, but the company was cautious about the outlook for the next half given the inconsistent pattern of trade in the past six months, Postie Plus said. Administrators of Postie Plus announced this afternoon its sale. The first half result, due on March 24, was expected to show a reduction in last year's first half loss. Postie Plus sale to Pepkor confirmed One of the country's oldest retailers has been sold to a South African retail investment group. Get the latest styles for less and kit your kid out for school or home. We use the finest quality flex vinyl so your T-shirt design will not fade. Our kids clothing sale include tops, hoodies, t-shirts, jackets and more. Market share increased further in what continued to be a difficult retail climate, particularly for the speciality apparel segment, Postie Plus said today. Black, White, Red, Green, Yellow, Orange, Sky blue, Navy Blue. Same store sales at the group, which includes Postie and Babycity stores, were also up 4.6 per cent from a year earlier for the half year to the end of January. Clothing and baby products retailer Postie Plus Group lifted first half sales 4.6 percent from a year earlier, and is expecting a smaller loss for the six month period.
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