{"id":89991,"date":"1999-12-31T00:52:00","date_gmt":"1999-12-30T13:52:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/woolies-snap-up-ezi-etailer\/"},"modified":"1999-12-31T00:52:00","modified_gmt":"1999-12-30T13:52:00","slug":"woolies-snap-up-ezi-etailer","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/woolies-snap-up-ezi-etailer\/","title":{"rendered":"Woolies Snap Up EZi Etailer"},"content":{"rendered":"<p>Multi-channeling is Ezi: retail king nab pure e-tailer for $350m, grows optionsWoolworths has purchased etailer EZibuy for an estimated $350 million, it said yesterday.&nbsp;<\/p>\n<div><\/div>\n<div>The New Zealand based clothing and homewares sites operates online, catalogues and contact centres across ANZ.&nbsp;<\/p>\n<div><\/div>\n<div>Woolies CEO Grant O Brien said the move was part of its move to grow the multichannels, saying the retail mammoth was &#8220;very impressed&#8221; &nbsp;with the calibre of EziBuy&#8217;s business, admitting &#8220;we can learn a lot from each other.&#8221;<\/div>\n<div><\/div>\n<div>&#8220;Direct to consumer retail is a critical part of the multi channel option&#8221; he said in a statement.&nbsp;Woolworths is also seeking to learn from EziBuy&#8217;s direct-to-customer logistics at Palmerston North and apply these learnings across its business.&nbsp;<\/div>\n<div><\/div>\n<div>\n<table style=\"\" align=\"Center\" border=\"0\" cellpadding=\"4\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"265\" height=\"245\"><img fetchpriority=\"high\" decoding=\"async\" width=\"265\" height=\"245\" src=\"http:\/\/news.smarthouse.com.au\/resources\/articleimages\/qcpzluak_embeded_image_1.jpg\" border=\"0\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Ezibuy, with over half a million customers across ANZ has a history of profitable growth, recording over NZ$200 million sales over the past financial year.&nbsp;<\/p><\/div>\n<div><\/div>\n<div>The transaction is worth around $350m. Ezibuy is owned by founding shareholders Peter and Gerard Gillespie and Catalyst Investment Managers.&nbsp;<\/div>\n<div><\/div>\n<div>\n<div class=\"NFBreak\" style=page-break-before: always contenteditable=\"false\">&nbsp;<\/div>\n<p>Woolies Penny Winn, Director of Group Retail Services &nbsp;says &#8220;the combination of its retail network, EziBuy&#8217;s direct selling expertise, customer bases will provide a &#8220;unique competitive advantage.&#8221;<\/p><\/div>\n<div><\/div>\n<div>EziBuy Chief Executive, Simon West, the etailer is &#8220;delighted to have the backing of Woolworths as we embark on the next phase of our growth.&#8221;<\/div>\n<\/div>\n<div><\/div>\n<div>Woolworths shares rose 0.75% today to $33.76.&nbsp;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Multi-channeling is Ezi: retail king nab pure e-tailer for $350m, grows options<\/p>\n","protected":false},"author":41,"featured_media":91812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,671],"tags":[],"class_list":["post-89991","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-archive","category-ebusiness","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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