It seems New Zealand fashion retailers are dropping quicker than flies in a Raid commercial. First Tauranga boutique Etch and Newmarket store Wink closed down in quick succession, both rumoured to owe thousands of dollars in unpaid invoices to young NZ designers, and just this morning, menswear institution Satori announced that it was shutting its doors after 30 years in the game. And there I was thinking this idyllic slice of island paradise wasn't being hit too badly by the recession!?
In an email sent out this morning headed 'THANKYOU', Satori head Bob Nelson wrote:
Satori is finally closing. We began as manufacturers of fashion accessories 30 years ago and have been retailers of high end European men’s fashion for the last 12 years.
We have tried to sell Satori as a going concern but in this financial climate all prospective buyers met the same blank wall with their bankers as we did with ours.
We believe we have raised the bar in terms of service, choice and style in the local market and have hopefully given satisfaction to many loyal customers during our years in business. It has been an interesting journey and we have certainly enjoyed the experience.
None of the success that we enjoyed for many years would have been possible without our customer’s loyal support. For that we would like to sincerely thank you.
From the management & the staff of Satori.