EziBuy is a New Zealand and Australian multi-channel retailer. It sells clothing, homeware and gifts through a multi-channel model in both countries.[1]
Products can be purchased through catalogues, and four retail stores around New Zealand.[2][3][4] The retailer has a cell centre and distribution centre in Palmerston North, where it has been based since its inception in 1979.[5][6]
EziBuy featured a wide selection of brands such as Capture, Emerge, Urban and Grace Hill as well as Profile – a corporate clothing company and a shareholding in JK Kids, a nationwide children’s clothing chain. For plus-sized women Ezibuy had Sara, Formfit, Deesse, Isobar Active Plus and Quayside Plus Size.[1]
History
Gillespie era
EziBuy was established in 1978 by brothers Peter and Gerard Gillespie, and their friend John Robinson in Palmerston North, New Zealand. The business began as a catalogue retailer selling womenswear and menswear. The first catalogue was a simple folded, A3 black and white page which was mailed to a list of local organisations in 1978.[7][8] The Gillespies were joined five years later by Matt Toynbee who they later acknowledged for his huge contribution to the company.[9]
In January 2002, EziBuy purchased Myer Direct from Coles Myer.[10]
In January 2006, the company opened a new distribution centre in Palmerston North.[5]
In 2007 Ezibuy purchased the womenswear retail chain Max Fashions. EziBuy won the Keith Norris Direct Marketing Organisation of the Year Award in 2012.[11][12]
Woolworths era
In August 2013, EziBuy was acquired by Woolworths Limited.[13][14]
At the time of sale, EziBuy was the largest fashion and homeware multi-channel retailer in Australasia. The business mailed over 23 million catalogues every year and processed more than 1.75 million orders annually.[15]
Alceon era
In June 2017, EziBuy was acquired by Alceon Group, a major shareholder of Australian womenswear retailer Noni B,[16] for an undisclosed sum.[17]
In October 2018, Alceon purchased New Zealand children's clothing retailer Pumpkin Patch for an undisclosed sum, allowing it to relaunch the brand through EziBuy.[18]
Noni B and Mosaic era
Noni B Limited purchased a 50.1 per cent stake in EziBuy from Alceon Group in a $1 peppercorn sale in 2019.[19] The sale was aimed at increasing the retailer's digital sales and giving it access to the New Zealand market.[20] Noni B Limited changed its name to Mosaic Brands in November 2019 and purchased the remaining 49.9 per cent stake for $11 million in October 2021.[21][22]
In August 2021, EziBuy announced a restructure after posting a $28.9 million loss for the year to June 2021 during the COVID-19 pandemic.[23]
In April 2023, Mosaic placed EziBuy into administration, with plans to restructure it.[24] With this the remaining stores were closed down and the retailer went online only.[25]
The brand entered liquidation in July 2023 with creditors owed more than $100 million.[26][27]
External links
References
- Company Overview of EziBuy Limited Bloomsburg Business Week^
- Kiwis still catalogue shopping from the couch - EziBuy TVNZ, July 18, 2012^
- Future of Catalogue Shopping TVNZ, July 18, 2012^
- Alex Turner-Cohen. Online shopping retailer goes into administration as sales down 51% News.com.au, 2023-04-03, retrieved 2023-04-04^
- Ezibuy distribution centre opened in Palmerston North The National Business Review, July 11, 2006, retrieved 2019-10-05^
- Wallace Development Company Limited Photo Gallery showing EziBuy Distribution Centre Building in 2005 retrieved 2014-09-01^
- Big birthday present to Palmerston North Stuff, July 10, 2013^
- Ezibuy's 35 years in Palmerston North - TV News Video TVNZ, July 3, 2013^
- EziBuy Celebrates 30 Years | Scoop News^
- EziBuy buys Australian catalogue customer database Wilson & Horton, 27 November 2001^
- 2012 NZDM Award Winners Marketing Association of NZ, 2012^
- The Joy of EziBuy, True Customer Intimacy! Marketing Association of NZ, July 28, 2013^
- Woolworths buys EziBuy in $NZ350m deal News.com.au, Aug 22, 2013^
- Woolworths buys Ezibuy for $350m The New Zealand Herald, Aug 22, 2013^
- Woolies snaps up Kiwi retailer EziBuy The Sunday Morning Herald, Aug 22, 2013^
- Sue Mitchell. Woolworths sells EziBuy to Noni B shareholder Alceon Group 26 January 2017^
- Paul McBeth. Woolworths sells EziBuy for undisclosed sum to Sydney investment firm Alceon 26 June 2017^
- Pumpkin Patch brand set to relaunch Allied Press, 25 October 2018^
- Dominic Powell. 'Try before you buy': Noni B snaps up EziBuy for $1 to boost online sales 21 November 2019^
- Imogen Bailey. Fashion retailer acquired, as sales set to skyrocket to $200 million Yaffa, 21 November 2019^
- Mosaic Brands Limited (MOZ.AX) company profile & facts Yahoo Finance, retrieved 2023-04-03^
- Dean Blake. Mosaic Brands completes $11m EziBuy purchase to fuel online growth Inside Retail, 2021-09-30, retrieved 2023-04-03^
- Karen Coltman. Ezibuy posts a $28.9 million loss in a year 18 August 2021^
- Alex Turner-Cohen. Online shopping retailer goes into administration as sales down 51% News.com.au, 2023-04-03, retrieved 2023-04-04^
- Founder laments Ezibuy downfall The New Zealand Herald, 2023-07-22, retrieved 2023-07-21^
- EziBuy tipped into liquidation by creditors The New Zealand Herald, 2023-07-22, retrieved 2023-07-21^
- Esther Taunton. Online retailer Ezibuy goes into liquidation owing more than $100m Stuff, 2023-07-20, retrieved 2023-07-21^