How Pumpkin Patch collapse impacts Sunshine Coast
THE Sunshine Coast's only Pumpkin Patch store hopes to remain open as the struggling children's wear retailer shuts 27 stores nationwide, laying off up to 145 staff.
An employee at the Kawana Shoppingworld store said it was "business as usual” as staff waited to hear what was happening as receiver KordaMentha determined the future of the business.
A creditors meeting will be held today, November 7.
"Kawana is fine,” the employee who asked not to be named said.
"It is a very profitable business on the Sunshine Coast.”
The seven staff who were employed at the Kawana store were optimistic a buyer would be found for Pumpkin Patch's remaining outlets.
"We are very positive as we have had fantastic support and we have a really good team here.
"We believe in the product.”
The Pumpkin Patch at Sunshine Plaza, Maroochydore, closed "about three years ago”.
The North Lakes store, the next closest option on the Coast, will be one of the 27 stores to close in the cost cutting measures. It will close on November 15.
Its understood Pumpkin Patch put itself up for sale early last year amidst declining revenues in its Australian and New Zealand stores.
A KordaMentha spokesman told other media "work is continuing to identify viable sale options for the business."
Administrators McGrathNicol will hold its first creditors meeting on Monday, November 7.
Pumpkin Patch was founded in New Zealand in 1990 by Sally Synott, a children's wear buyer.
It entered Australia in 1994 as a mail order catalogue and then spread to America, Ireland and the United Kingdom and opened franchise partner stores in Jordan, Lebanon Thailand, China and Malta.