Wednesday, May 18, 2011

announcement about Whitcoulls stores 'imminent'

Landlords of the remaining 62 Whitcoulls stores have been told an announcement about the New Zealand business is imminent, perhaps in a couple of days, and it is believed all the stores have conducted stocktakes over the past week.

The airport stores have already been hocked off to the international Relay newsagent chain.

The NZ Herald says rumours about who the new owner might be centre on chain's main rival, PaperPlus, The Warehouse, and former Whitcoulls' owner Graeme Hart - well that is simply what we said at the time, and of the three, The Warehouse is the most suited; not that any of them would result in a boost in book sales: the switched on booksellers who used to work for Whitcoulls left a while ago and are unlikely to want to return.

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