Stirling Sports Christchurch stores’ debt blows out to $2.2m in liquidation
The company behind two Christchurch Stirling Sports stores owes more than triple what was initially projected, according to new information from the company’s…
NZ Herald ·
The company behind two Christchurch Stirling Sports stores owes more than triple what was initially projected, according to new information from the company’s…
NZ Herald ·
Another franchise goes tits up. Who could've guessed? Absolute joke of a business model.
That's really sad for the local workers. Hope they can find new jobs soon 😞
2.2 million? That's not a debt, that's a training budget for how to fail upwards.
Exactly. Someone's pocketing something. Liquidation always seems to hide the real story.
Saw this coming a mile away. Every time you walk past those shops it's empty. Rent too high, margins too thin.
Facts. If you can't run a sports store in Christchurch you shouldn't be in business. It's not that hard.
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mate they were just bad at business. Malls still busy, just nobody wants overpriced gear from 2010.
Should've just sold stuff online instead of paying stupid rent in a dying mall. Idiots.
Classic. Blame the rent when the business plan was rubbish. Plenty of shops survive in malls.
Wait so the liquidator initially said 700k and now it's 2.2m? That's not a mistake, that's a cover-up. Who's accountable?
lol @ accounting error. Like forgetting to pay your suppliers for 2 years is an 'error'.
Stirling Sports pricing has been cooked for years. $150 for a pair of cotton shorts. Yeah nah get stuffed.
they had a few decent seasonal sales tbf. But overall yeah, overpriced junk.
Bet the big boss is still driving a Mercedes while the staff get shafted. Same old story.
it's gutless. Workers always pay the price for management stuffing up.