Home / Knowledge / News / Apparel/Garments / Kidswear retailer Pumpkin Patch to continue cost-cutting
Kidswear retailer Pumpkin Patch to continue cost-cutting
Nov '11
New Zealand-based childrenswear retailer Pumpkin Patch would continue with its cost-cutting exercise, by shutting down its underperforming outlets, in view of the prevailing difficult trade conditions.

Last year, the company lost US$ 1.8 million as it closed all its US outlets and tried to revive its ailing UK business. The company has also been countering the issue of low demand, which too is inducing it to cut costs.

As stated by the listed company's newly appointed Chief Executive, Neil Cowie, they are even branching out into low-cost segments, including international wholesale trade and launch of a new website - Patch General Store.

According to Mr. Cowie, in this era of competition, if one does not consider being a multi-channel retailer, it is going to be much difficult to survive and move forward.

The international wholesale segment necessitates only a limited capital and is comparatively more appealing, he says, as the domestic retail partners incur the expenses for shop and possess the leases, while Pumpkin Patch only shares its design and logistic know-how.

Meanwhile, the company Board has consented to exercise a total cut of NZD 130,000 in fees of the Directors, to contribute towards sharing the burden of cost-cutting.

Pumpkin Patch predominantly sells through its own store network in New Zealand, Australia, the United Kingdom, Ireland and the United States.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search