Following its acquisition of Macpac, Super Retail Group has revealed its plan for the outdoor retail brand including a number of conversions and closures over the coming 12 months.
The group, which also owns and operates outdoor retailer Rays, will convert nine of the Rays stores into Macpac megastores within the next 12 months while also looking to close a further six stores by June 30, 2018.
It is estimated that the restructuring costs of the closures and conversions will total approximately $13 million in FY2018.
Macpac was acquired by the group in April for $NZ144 million while the group also announced that the retailer had totalled sales of $NZ97 million for the year to March 2018.
In its report, the group announced that its five year plan for the brand included a desire to operate 75 core stores and 20 megastores while totalling sales of approximately $NZ250 million by 2023.
There was also a heavy focus on online operations with the group announcing plans to launch a new website in FY2019 and an opportunity to achieve 20% of its total sales through digital channels by 2023.