Mag Nation to close poor-performing Auckland store

Specialist magazine retailer Mag Nation has announced the closure of its foundation store in Auckland, but hasn’t ruled out the possibility of setting up shop elsewhere in the New Zealand city’s CBD.

Mag Nation, which operates six stores in Australia and New Zealand, including the Auckland store, was founded in 2005 by Sahil Merchant and Ravi Pathare.

The Mag Nation concept was inspired by Auckland-based Mega Mags, which was rebranded as a Mag Nation store. Now that store is set to close because it is “losing a lot of money”.