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Thursday / June 13.
HomeminewsSpecsavers’ Kiwi Boom

Specsavers’ Kiwi Boom

Specsavers celebrates its first anniversary in New Zealand by announcing it will double the number of Kiwi stores to 60, resulting in the creation of 300 new full time jobs.

The decision is a response to extraordinary levels of growth in the first 12 months of operation, with revenue forecasts revised upwards by more than 50 per cent to NZD$50 million.

Specsavers founder Doug Perkins says: “In my 25 years in the Specsavers business I’ve never seen initial demand like we’ve witnessed in New Zealand.

“The Australian growth has been incredible, but New Zealand has taken that a stage further in terms of store growth and in-built customer and patient demand.

“The typical Specsavers practice is already averaging more than NZD$40,000 through the till per week – that’s equivalent to a NZD$2 million a year practice.”

Graeme Edmond, Specsavers NZ Managing Director, said the mission for NZ was to reach every corner of the country.

“Looking to the immediate future, we intend to open another 30 stores. These won’t just be limited to major metro areas,” he said.

The privately owned optical franchise also opened a new 13,000 square metre manufacturing and operational facility in Australia last month.

Specsavers says this will provide a platform for the next stages of growth in both the New Zealand and Australian markets.