$NAKD here is some interesting facts. Naked brand currently has over 300 retail stores and bendon has 57 company owned retail and outlet stores in Australia and New Zealand. All I did is google this but think of the millions in savings of not having to pay rent or mortgages on those locations not to mention the staffing of each location. The other question I don’t know the answer to is have they sold all the 57 owned locations? Are they part of this change. Either way it’s a smart move. Of course they will have cost for the change but nothing compared to what they have now.