Postie
{{about|the New Zealand retailer|the American musician|Post Malone|postal service workers|Mail carrier}}
{{Short description|Clothing retail chain in New Zealand}}
{{Use dmy dates|date=April 2023}}
{{Infobox company
| name = Postie
| logo = Postie-logo.png
| former_name = Postie Plus
| industry = Retail
| founded = {{Start year|1909}} in Reefton
| founder = Thomas Dellaca
| num_locations = 61 stores
| num_locations_year = 2022
| products = Clothing
| owner = Best & Less Group
| website = {{URL|postie.co.nz}}
}}
Postie, formerly Postie Plus, is a New Zealand clothing store chain. It was founded in 1909 by Thomas Dellaca. As of October 2022, Postie has 61 stores as well as an online platform.{{Cite web |date=21 October 2022 |title=Annual Report 2022 |url=https://bestandlessgroup.com.au/FormBuilder/_Resource/_module/xKMPrCG9vE-WF2vm1TJtsw/file/BLGH_Annual_Report_2022.pdf |access-date=22 April 2023 |website=Best & Less Group |page=1}} Together with Australian retailer Best & Less, it forms the Best & Less Group.
History
Postie was founded in 1909 by Thomas Dellaca as a boot repair shop near Reefton.{{Cite web |last=Meier |first=Cecile |last2=Steeman |first2=Marta |date=8 June 2014 |title=How Postie went from Plus to minus |url=https://www.stuff.co.nz/business/industries/10129379/How-Postie-went-from-Plus-to-minus |access-date=22 April 2023 |website=Stuff |language=en}}
The Postie Plus Group purchased the Arbuckles manchester chain in 2003 for {{NZD|9.5 million}}.{{Cite web |date=31 January 2009 |title=Arbuckles to shut doors |url=https://www.stuff.co.nz/manawatu-standard/news/576323/Arbuckles-to-shut-doors |access-date=23 April 2023 |website=Stuff |language=en}} In September 2003, Postie Plus was floated on the New Zealand stock exchange.{{Cite web |last=Dunn |first=Sarah |date=5 July 2019 |title=Back in time: Postie celebrates 110 years in business |url=https://theregister.co.nz/2019/07/05/back-time-postie-celebrates-110-years-business/ |access-date=23 April 2023 |website=The Register |language=en-US}}
In January 2009, Jan Cameron purchased Arbuckles from Postie.{{Cite web |date=31 January 2009 |title=Jan Cameron buys Arbuckles |url=https://www.stuff.co.nz/business/industries/retail/480995/Jan-Cameron-buys-Arbuckles |access-date=23 April 2023 |website=Stuff |language=en}} In April 2012, Postie Plus sold its Babycity chain of stores.{{Cite web |title=Postie Plus to sell Babycity chain |url=https://www.nzherald.co.nz/business/postie-plus-to-sell-babycity-chain/ENAOTCTEE2K6ZD7BG3MMSTZ5AI/ |access-date=23 April 2023 |website=NZ Herald |language=en-NZ}} In January 2014, the company sold its SchoolTex uniform brand to The Warehouse Group for {{NZD|9 million}}.{{Cite web |title=Warehouse buys school uniform business from Postie Plus |url=https://www.nzherald.co.nz/business/warehouse-buys-schooltex-from-postie-plus-for-9-million/HQBIYQWALDSVUKXSVA7JX27JDE/ |access-date=23 April 2023 |website=NZ Herald |language=en-NZ}}
In June 2014, the company was placed in voluntary administration. In July 2014, South African investment company Pepkor acquired Postie.{{Cite news |date=18 July 2014 |title=South Africa's Pepkor buys troubled NZ retailer Postie Plus |language=en |work=Reuters |url=https://www.reuters.com/article/postieplus-bankruptcy-sale-idUKL4N0PT1GS20140718 |access-date=22 April 2023}} Steinhoff Asia Pacific (later renamed Greenlit Brands) obtained Postie when it acquired Pepkor in November 2014.{{Cite web |last=Bray |first=Chad |date=25 November 2014 |title=Steinhoff International to Buy Pepkor of South Africa for $5.7 Billion |url=https://dealbook.nytimes.com/2014/11/25/steinhoff-international-to-buy-pepkor-of-south-africa-for-5-7-billion/ |access-date=22 April 2023 |website=DealBook |language=en}}{{Cite web |last=Powell |first=Dominic |date=19 November 2019 |title=Best & Less, Harris Scarfe back in Australian hands |url=https://www.smh.com.au/business/companies/best-and-less-harris-scarfe-back-in-australian-hands-20191118-p53bp2.html |access-date=22 April 2023 |website=The Sydney Morning Herald |language=en}}{{Cite web |last=Blake |first=Dean |date=28 September 2018 |title=Steinhoff Asia Pacific rebranding Greenlit |url=https://insideretail.com.au/news/steinhoff-asia-pacific-rebranding-greenlit-201809 |access-date=22 April 2023 |website=Inside Retail |language=en-US}}
In November 2019, private equity firm Allegro Funds acquired Postie from Greenlit Brands.{{Cite web |last=Shaw |first=Aimee |date=21 November 2019 |title=Postie sold to Australian private equity firm Allegro |url=https://www.nzherald.co.nz/business/postie-sold-to-australian-private-equity-firm-allegro/RZSF52IGTKBEJY6PZ3MW45AD5Q/ |access-date=22 April 2023 |website=NZ Herald |language=en-NZ}}
References
External links
- {{Official website|https://www.postie.co.nz/}}
{{Retailers in New Zealand|state=collapsed}}
Category:Clothing retailers of New Zealand