Founded in New Zealand in 1870, Hallensteins is known for its distinctive and high-quality men’s fashion. The company has continued to evolve over the years and adapt to the changing market conditions and consumer preferences.
In order to cater to different consumer groups, Hallensteins has expanded its product range. Besides its core business of making trousers, shirts, and suits, the company has also introduced various casual wear items, such as t-shirts and jeans. These products have helped the company appeal to a younger crowd, as they are more likely to be wearing casual clothes on a regular basis.
Hallensteins has made significant progress in its online presence, as it has invested heavily in an e-commerce platform that enables customers to shop for its products online and get a wider range of options than can be purchased in-store. The company has also used various digital channels to build its brand and connect with its customers.
In the past few years, Hallensteins has faced various challenges in the retail industry. One of these was the emergence of the COVID-19 pandemic, which affected the company’s sales. To address these issues, the company shifted its focus from traditional retail to e-commerce. It also invested in new technology to improve its online shopping experience.
You can get great deals when you shop at Hallensteins when you use a Hallensteins promo code.
With a strong brand and loyal following, Hallensteins can continue to grow and compete in the future. The company’s focus on customer service and innovation will help it maintain its competitive edge. As the world begins to emerge from the pandemic, the company may also be able to expand its physical presence and reach out to new customers through its brick-and mortar outlets.

Online retailer Kogan has purchased the assets of furniture retailer Brosa for about $1.5 million. Brosa had reportedly posted annual sales of over $50 million before it went into administration last week.
In addition to its stock and intellectual property, which it will now own, Kogan will also provide support to Brosa’s customers.
Founded in 2014, Brosa was able to build a following among high-end consumers. It offers a wide range of home goods, including three-seater white couch and vintage rugs.
It was backed by venture capital firms which helped fund the marketing and brand building of Brosa. The valuation of Brosa increased by 49 percent in the past few months due to its solid trading performance.
Due to the pandemic, the demand for home goods retailers started to decline. As a result, Brosa was placed in administration.
Brosa is in a relatively mature online furniture market that includes similar reatilers such as LivingStyles. You can save at Livingstyles with a LivingStyles coupon.
In its filings with the Australian Securities Exchange, online retailer Kogan noted that Brosa was valued at about $60 million. It had also experienced strong revenue growth during the previous financial year.
The administrator of Brosa said that the company received over 30 expressions of interest. After considering the various bids, it was decided that the online retailer would purchase the business.
It’s a small acquisition for the Kogan, which has a market capitalization of around $350 million. During the September quarter, its gross sales were $202.3 million, which was 38.8 percent lower than the previous year.
The acquisition of Brosa was relatively low-risk for both parties. It also allows Kogan to expand their online furniture offerings.

Most retailers failed to meet their sales targets during the first quarter of the year, and more than a third were uncertain if their businesses would survive the next 12 months.
The latest Retail Radar report shows that almost half of New Zealand retailers failed to meet their sales targets in Q3.
The retail sector was hit by the resurgence of Covid-19 and lockdown in Auckland, which caused sales to fall in August and September.
A survey conducted by PricewaterhouseCoopers revealed that almost half of retailers expected sales to fall in the run-up to Christmas. Many of them were also not sure if they would be able to survive another year.
Due to government lockdowns and changes in the alert level, many retailers have experienced a significant impact on their operations.
Many businesses are complaining about a change in rules that limit what they can sell on level 4. This is leaving them hurting and unable to offer their usual services.
Retailers were facing various issues such as a lack of stock and the ability to make rent payments, said Michael Jacobson, head of retail at PricewaterhouseCoopers.
Almost half of retailers expect to raise their prices in the next quarter.
Retailers wanted the Government to pay them a financial payment for their rent, according to a survey conducted by PricewaterhouseCoopers.
According to Retail Radar, the number of retailers who are satisfied with the government’s handling of Covid-19 has plummeted.
Almost 70 per cent of retailers were dissatisfied or very dissatisfied with the government’s response to the Covid-19 report, according to a survey conducted by PricewaterhouseCoopers.
Retail NZ asked for measures to help retailers in the next few months, such as establishing a clear date for the Auckland road map, issuing saliva testing for Covid-19 and relieving rent relief.
The motion also called for a halt to measures that would increase costs, such as the minimum wage and a moratorium on further increases.
Stores like Glassons have continued to perform well with strong sales during Covid. If you’re looking to save on the Glassons Sale, use a Glassons coupon with your purchase.

As we approach the release of a Coronavirus Vaccine and continue Australia’s great record of very few cases, things are starting to look up for the economy. This is evident in the retail spending which shows a huge bounce back and recovery, especially from Victorians who were locked down for an extended period.

A report released this week by the Australian Bureau of Statistics has shown that retail figures for October staged a major comeback, with an impressive 1.4% compared to September and 7.1 percent higher than the same time last year. This figure equates to $29.6 billion in sales.

The Australian Bureau of Statistics attribute this big gain to the easing of restrictions in Victoria and is promising signs that Melbourne retail will get back on it’s feet. That state recorded an increase of $5.1 per cent whereas there were falls in Queensland, Tasmania, Norther Territory and ACT. Retail sales were slightly up in New South Wales, Western Australian and South Australia.

The beneficiaries of the increased in retail trade were mostly cafes, restaurants, take way food, department stores, accessories, clothing and footwear. The losers were household goods where many customers had already stocked up on everything they required at the start of the pandemic.

Supermarkets and grocery stores that benefited from panic buying as expected dropped in sales.

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Coronavirus has caused a lot of store closure around the country, some by force and some voluntarily. Places that had a higher risk of transferring the Corona Virus including restaurants, gyms and pubs were forced to shut down. Other stores have chosen to voluntarily shut down due a complete drop in the traffic to these stores. Those employees of these chains that have temporarily shut down versus going out of business have had to look for other means of an income such as the newstart allowance.

Two major chains that have recently closed all it’s retail stores are Adairs and Kathmandu. Adairs announced that it would shut all it’s bricks and mortar stores for six weeks to ensure the safety of their customers and staff. Adairs’ New Zealand stores have already closed due to the level 4 restrictions.

Kathmandu has also closed all its Australian and New Zealand stores which number 170. They also own Rip Curl stores of which they have closed all 100 of them. They have over 2000 staff in Australia and all will be told that they will be stood down without pay for 4 weeks. They will however be able to use their leave entitlements over this time. Shareholders will also be affected by the virus with a suspension of dividends.

If you want to continue shopping at Adairs, visit their online store which is still open. Use an Adairs promo code with your purchase to get a great deal.