Big retailers who have struck tough times despite the booming economy have themselves to blame, says First Retail Group managing director Chris Wilkinson. He was making the comments after it was announced yesterday that 10 stores of fashion retailers Marcs and David Lawrence would be closing down in New Zealand. There's certainly a lot of big retailers making some pretty cathartic decisions, some big moves with the likes of Amazon heading our way. "We're seeing right now a big shift from retailers telling consumers what they want and what they need to moving towards that understanding. And that's one of the big issues that happened recently, particularly with these Australasian retailers," he said.

Source: New Zealand Herald March 09, 2017 22:30 UTC