Monday, December 01, 2008
Eon Design Store Goes Belly-up
Bad news last week for local design (NZ) lovers and manufacturers. Eon Design has gone into receivership. The store recently opened a lavish flagship outlet in the Britomart precinct (see story about plans for energising the area as a creative centre for Auckland). Eager for bargains crowds flocked to pick over the heavily discounted stock.
Among the losers in the process will be small, artisan designer/manufacturers whose stock was stuck on the floor. Only a few were able to retrieve their goods instore on consignment before the receivers stepped in to put their wares on the block.
I predict it will be the first of many such retail failures. Keep an eye on Nest and Urban Loft - both have committed to large stores, selling high proced homewares. Urban Loft suffers doubly from a location without natural foot traffic flows.