News | Covid-19 to blame
BackBunnings closes seven stores in New Zealand
The Australian home improvement chain Bunnings is to close seven stores in New Zealand, according to various media sources in the country. It is reported that a warehouse, two trade centres and four smaller stores will close at the end of June with the loss of 145 jobs. The closures have been prompted by the tough trading conditions due to the Covid-19 pandemic. Three smaller Bunnings outlets had already closed in December 2019.
- Plus 15 per cent in fiscal 2019/2020 Bunnings: plus 24 per cent from January to June
- Australia and New Zealand Bunnings makes 24 per cent more sales from July to December
- Australia and New Zealand Bunnings announces 100 per cent renewable energy by 2025
- CEO Michael Schneider Bunnings continues to rely on its physical store network
- Covid-19 to blame CEO of Mitre 10 New Zealand returns to Australia
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DIY International 2/2021
Actual figures
Statistics Home Improvement Europe
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