Tag Archives: business closure

Kiwis Not In An Outdoorsy Mood

It seems us Kiwi’s aren’t quite the outdoorsy kind we used to be. Outdoor products company Fishing Camping Outdoors, or FCO, is closing it’s doors for good. It’s the second outdoor products firm to leave our land in recent times, after Mountain Designs shut its New Zealand business in August.

By June, every FCO will have closed shop. All thirteen FCO stores were based in the North Island. Group managing director Peter Birtle believes Australia stands a better chance at sustaining the chain. He told Stuff.co.nz,

“Our initial approach of developing a business specifically for the New Zealand market has proven to be flawed and FCO has always battled to get the attention it required while we have been addressing challenges in our BCF (boating, camping, fishing) and Ray’s Outdoors businesses [in Australia].”

In total the chain is accepting it’s loss of $19.8 million.