Home / Knowledge / News / Apparel/Garments / Woolworths to acquire direct retailer EziBuy
Woolworths to acquire direct retailer EziBuy
23
Aug '13
Woolworths Limited (Woolworths), Australia and New Zealand’s largest multi-option retailer, has announced that it will acquire New Zealand-based direct retailer EziBuy Holdings Limited (EziBuy).

EziBuy is a leading direct-to-customer retailer of apparel and homewares in Australia and New Zealand operating primarily via an online platform, catalogues and contact centers.  The acquisition will accelerate Woolworths’ growth of its multi-option business with enhanced capabilities, as EziBuy is scaled specifically for fulfilling direct-to-customer orders.

Woolworths Chief Executive Officer, Grant O’Brien, said: “One of the four Strategic Priorities we outlined in 2011 was to maintain our track record of building new growth businesses, and specifically to grow our multi-option presence.

“This acquisition will provide us with a unique competitive advantage as we continue to develop our multi-option capabilities.  We believe the combination of our retail network, EziBuy’s direct selling expertise and our respective loyal customer bases is a winning formula for us.

“Direct-to-customer retailing is a critical part of the multi-option market and it is clear that these channels will continue to provide Woolworths with opportunities for growth and innovation.  Cellar masters are a great example of this with the benefits and learnings this business has brought to our Liquor division.

“We are keen to collaborate with the excellent team at EziBuy to expand the category offering and deliver a best practice online experience for customers.  They are a talented team and we welcome them to the Woolworths family.”

EziBuy was founded in Palmerston North in New Zealand with a single store in 1978 and has built a loyal customer base across Australia and New Zealand based on the strength of its catalogue offering.

Today, EziBuy operates a sophisticated direct-to-customer business backed by a customer contact centre and a world-class distribution centre that specializes in direct-to-consumer logistics.  EziBuy also operates four retail stores in New Zealand.

EziBuy is a successful business with a history of profitable growth. Currently 68 per cent of EziBuy’s sales are from Australia and the business retails its own brands (Capture, Urban, Emerge, Grace Hill and Sara among others).  It also has distribution relationships with major international apparel retailers Otto and Next.

EziBuy Chief Executive, Simon West, said: “We are delighted to have the backing of Woolworths as we embark on the next phase of our growth.  The business has come from humble beginnings to become a market leader in both Australia and New Zealand by providing convenience, quality and affordability.  Further investment in mobile platforms, customer insights and distribution will be priorities for us now as we move forward.”

The acquisition is valued at NZ$350 million and is subject to approval from New Zealand’s Overseas Investment Office (OIO).

Woolworths Limited


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search