Yes indeed. https://www.munns.co.nz/ closing after trading for over 100 years reinforces exactly what you've suggested, apparel companies either adapt or they die.
Printable View
Yes indeed. https://www.munns.co.nz/ closing after trading for over 100 years reinforces exactly what you've suggested, apparel companies either adapt or they die.
At that time also I was looking for shoes and nothing near the $100, mostly around $200. With the expenses of the wedding I didn't want to spend a lot so I went to Hannah's and found a nice Julius Marlow model at $100 which then I got $20 with Amex. Though I haven't worn again after the wedding. However HLG had last winter a sale on shoes, 2 pairs at $100, it seems good value for money so I bought them to wear one at work and one for something semi casual.
I see a lot of people wearing suits in Wellington daily, however I believe they prefer to pay for something mid range. There is a brand that I like, Rembrandt which Munns sells and is from Wellington, just a jacket cost $400 ish. OK is very nice but if someone with a mortgage and say an 80K salary I don't think will buy it.
Munns is closing all shops. As we are ,as a nation, becoming scruffier, then hopefully HLG will provide.
Haven't bought an clothes in NZ for a long time. Mostly buy if I'm in the USA.
Much more choice and better prices though with the dollar steadily dropping that's making stuff over there quite a bit more expensive.
Tee shirts, jean shorts and jandals are the summer stable for me !
Occasional shirt for going out for dinner.
Think the last time I wore my suit was to my wife's fathers funeral.. Even then I was the only one in one, and that was 9 years ago!
I don't think the Wellington store ever recovered from having to move from the Lambton Quay end of Willis Street to down towards the Majestic Centre. The manager used to live across the road from me and said the store never picked up to the levels of the previous location. But then I also seldomly visited their store since the move. I prefer Farmer's on their 50% off days (to show what a style guru I am!).
Casualisation' of menswear blamed for Munns closure" said on the news.
mean while warehouse Q3 sales up 1.9%...
when wages up...automatically everything up....
I Love the way this stock has kept my overall portfolio in the blue for over two years now especially during downturns, something to be said for low beta and low liquidity aye.