PLACEMAKERS AND MITRE 10 ANNOUNCE LEVEL 4 PLANS

By NZHJ March 25, 2020 Industry news

Updated: 19 PlaceMakers stores will fulfill "essential services" only from tomorrow; Mitre 10 is yet to announce a formal plan to do the same; Fletcher Building warns of virus' "material impact".

Last night, PlaceMakers announced that it would be closing most of its branches at 5pm on Wednesday 25th March 2020 but there would be 19 exceptions.

These stores (see list below) will operate using an an "adjusted service model" from Thursday onwards from 7am – 11am Monday to  Friday for "the supply of products for essentials services" and just for existing PlaceMakers Trade Account customers.

  • PlaceMakers Kerikeri
  • PlaceMakers Mt Wellington, Auckland
  • PlaceMakers Wairau Park, Auckland
  • PlaceMakers New Lynn, Auckland
  • PlaceMakers Pukekohe, Auckland
  • PlaceMakers Waiheke
  • PlaceMakers Clarence Street, Hamilton
  • PlaceMakers Whitianga
  • PlaceMakers Mt Manganui
  • PlaceMakers Taupo
  • PlaceMakers Napier
  • PlaceMakers Kapiti
  • PlaceMakers Kaiwharawhara, Wellington
  • PlaceMakers Saxton Road, Nelson
  • PlaceMakers Riccarton, Christchurch
  • PlaceMakers Timaru
  • PlaceMakers Dunedin
  • PlaceMakers Queenstown
  • PlaceMakers Invercargill

Stay up to date with PlaceMakers' state of play here: https://www.placemakers.co.nz/covid-19

As for stablemate Mico, all we can find for the moment is a statement on its website that all branches will close temporarily from 2pm today (Wednesday 25 March). Presumably Mico will be working to the same sorts of Level 4 terms as Plumbing World (see separate story here).

 

FLETCHER BUILDING: COVID-19 WILL HAVE "MATERIAL IMPACT"

In related news, earlier today, Fletcher Building issued a broader-based update on COVID-19, cancelling its interim dividend and suspending its planned share buyback.

In a statement on the NZX, Fletcher CE, Ross Taylor, says: "Since the FY20 Half Year Results announcement in mid-February, our businesses have continued to trade largely in line with expectations. 

"However, it is now clear that COVID-19 and the significant escalation of government protection measures in New Zealand and Australia will have a material impact on our operations and our FY20 financial results.

"For this reason, the Board has decided to withdraw Fletcher Building’s FY20 EBIT guidance.”

See the announcements on the NZX here.

 

MITRE 10 STILL WORKING OUT THE DETAILS

By this morning, Mitre 10 also had some clarity around how it will address essential trade demand.

"All Mitre 10, Mitre 10 MEGA and Hammer Hardware stores will close to the public at the end of day Wednesday 25 March in line with the New Zealand's government's action to manage COVID-19.

"Online ordering is no longer available, and fulfilment of orders placed over the past 48 hours unfortunately cannot be guaranteed."

In terms of essential supplies to the trade however, Mitre 10 has also posted this:

"With recent government advice that we can continue to supply trade for purposes to support essential building and construction, we will now work to determine the best way forward to do this (including consultation with government) while ensuring the safety of our people and trade customers.

"If the situation evolves further, we will ensure we communicate changes as soon as we can."

Stay up to date with Mitre 10's plans here: https://www.mitre10.co.nz/covid-19-update

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