Kitchen Things, a New Zealand appliance retailer, enters receivership with all 12 stores closing temporarily.

Kitchen Things, a New Zealand premium appliance retailer, has entered receivership due to declining sales and increased competition. Grant Thornton New Zealand Limited has been appointed to manage the receivership, closing all 12 stores temporarily while seeking potential buyers. The company, founded in 1986, faced sustained losses despite restructuring efforts. One Hamilton store, operated by a separate franchise, remains unaffected.