Bad news for clothing and homewares retailer EziBuy.

The company has been put into administration by its Australian owners - which is likely to be the end of the line for the business.

Owner Mosaic Brands says EziBuy’s sales have fallen 51 percent year-on-year in the first half of the financial year.

Head of retail at Devon Funds, Greg Smith says the business had been starting to decline for some time.

He explained it was profitable during the pandemic for a time, but most businesses that did well through Covid-19 are starting to fall.

LISTEN ABOVE

Bad news for clothing and homewares retailer EziBuy.
The company has been put into administration by its Australian owners - which is likely to be the end of the line for the business.
Owner Mosaic Brands says EziBuy’s sales have fallen 51 percent year-on-year in the first half of the financial year.
Head of retail at Devon Funds, Greg Smith says the business had been starting to decline for some time.
He explained it was profitable during the pandemic for a time, but most businesses that did well through Covid-19 are starting to fall.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.