i use a number of software applications but this is of tradingview , not to bad a application and its free for users to sign up.
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https://www.stuff.co.nz/business/ind...in-sylvia-park
Sylvia Park becoming the go to destination for international brands looking to enter the NZ market:
Quote:
Streetwear store Culture Kings to make million dollar debut in Sylvia Park
Australian streetwear giant Culture Kings will make its New Zealand debut at Sylvia Park, the second big brand to announce a new store at the Auckland mall.
The retailer, which is looking for in-store DJs as well as retail assistants to staff its new store, launched a local online shopping platform in 2017.
Kiwi Property’s general manager of leasing Aubrey Cheng said landing Culture Kings’ first New Zealand store at Sylvia Park was a huge coup for Kiwi consumers.
“With the streetwear scene becoming increasingly vibrant in New Zealand, the move to bring Culture Kings to Sylvia Park reflects the direction of the market, and allows Kiwis closer access to international brands and trends,” Cheng said.
The Culture Kings shop will be around 1000 square metres, Cheng said.
While Culture Kings did offer some unique product lines, the big drawcard for customers was the experience of the store, he said.
“They will set the new bar in terms of experience for retail.”
Entering a Culture Kings store was like entering a nightclub, which reflected their core customer base, Cheng said.
Bringing in brands like Culture Kings and JD Sports, was part of a broader strategy for Sylvia Park, he said.
“We are targeting unique stores, so people like Zara, Culture Kings and JD Sports,” he said.
“These retailers understand that if you get [the launch] right, it will be absolutely massive.”
Cheng said about 15 per cent of shoppers at Sylvia Park come from around the country.
People came to the city for events and went to Sylvia Park because it was a “one-stop-shop”, he said.
“We are very purposefully looking for those big magnets. It's not just about getting the brand into our mall, it's about getting the biggest store, so it has that compelling, unique draw.”
Culture Kings founder and chief executive Simon Beard said coming to New Zealand was exciting for the brand and had been in the works for quite some time.
“We had offers on places pre-Covid, but we put it all on hold,” he said.
Culture Kings had been looking at sites in the CBD but, post Covid-19, there had been a clear shift away from city centres for shoppers, he said.
Parking also posed a real problem for customers in Auckland’s CBD, making Sylvia Park a better option, Beard said.
The Sylvia Park fit out was the most expensive the company had done and ran into “millions”, he said.
What made Culture Kings different was that it had up to 1000 new product arrivals each week with up to half of those being world exclusives, Beard said.
“We like to say we sit at the intersection of music, sport and fashion.”
Culture Kings had seven stores in Australia.
The new Sylvia Park location was its first bricks and mortar store outside of Australia.
In February, it was announced that Beard was in talks with Boston-based Summit Partners to sell a half share of the company.
If completed, the deal would value Culture Kings at more than A$600 million (NZ$647m), which would make it the biggest ever private sale in Australia’s retail and apparel sector, according to Australian media reports.
The deal offered the company a door into the United States, Beard said.
Culture Kings Group recorded a A$19.4 million profit for the year ended June 30, 2020.
The Sylvia Park Culture Kings store will open on July 23.
First Retail Group managing director Chris Wilkinson said Culture Kings had a cult following in Australia.
”It is a very immersive experience,” he said.
The stores in Australia included barbers, as well as DJs.
”Having the barbers there mean people go in on a regular and habitual basis but then, when you are in that environment, it's all encompassing. You get wrapped up with the vibe of the store.”
Wilkinson said the decision to bring in Culture Kings by Sylvia Park give the mall an edge. ”The location of Sylvia Park makes it New Zealand’s only real regional shopping centre,” Wilkinson said.
“The connectivity is really important. There is very strong road access from north and south. Then, you have really strong public transport links. It has everything, as a retail destination, that is fit for the future.”
why kpg cant back to the pre covid share price 1.5?
A Buy.
also GMT result out with plenty of balance sheet room for farther development and a pipeline of ever increasing SQ Meters.
This sector providing resilience under pressure from the 10 year.
ARG a BUY.
Looking forward to their results announcement...
https://www.nzx.com/announcements/372327
Kiwi Property today advised that Richard Didsbury proposes to resign as a director of the company at its annual shareholder meeting, scheduled to take place on 12 July 2021.
https://www.nzx.com/announcements/372492