Latest Media Releases

Overview Revenue fell 5.1% to $215.9 million as challenging trading conditions persisted in the second half of the year; same-store sales down 2.7% to $198.6 million. Net loss before tax of $9.9 million down from a net profit of $2.0 million in the prior year. Online sales growing strongly with fourth quarter sales up 51%

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National furniture and appliance retailer Smiths City today announces the appointment of Antony Karp as a new non-executive director. It also announces the resignation of non-executive independent director Sheena Henderson from the end of June. Mr Karp was recently the Chief Operating Officer of the ASX-listed women’s clothing retailer Specialty Fashion Group as well as

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The Annual Meeting of shareholders of Smiths City Group Limited will be held at the Commodore Airport Hotel, 449 Memorial Avenue, Burnside, Christchurch in the Head of the Avon Function Lounge; commencing at 10.30am on Wednesday 5th September 2018. Smiths City advises that the closing date for Director nominations is Friday 6th July 2018. All

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NZX and Media Release 11 May 2018 Smiths City notes Employment Court decision National furniture and appliance retailer Smiths City notes this week’s Employment Court Decision, which determined the company’s morning staff meetings were work as defined by section 6 of the Minimum Wage Act 1993. The meetings, which were held in every Smiths City

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National furniture and appliance retailer Smiths City today reports tough trading conditions coupled with the impairment of leases on several persistently underperforming stores will result in the company posting a loss for the year to 30 April 2018. Smiths City now expects revenue for the year to range between $209.0 million and $213.0 million compared

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National furniture and appliance retailer Smiths City today names Independent Director Alastair Kerr as its new Chair. He will replace Craig Boyce, who will step aside from the role and retire from the board at the end of May. It also announces the resignation of Independent Director Gary Rohloff who is resigning at the end

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National furniture and appliance retailer Smiths City today announces it has put in place a share buyback facility as part of its ongoing commitment to ensure shareholders benefit from the group’s underlying performance improvements. The new facility gives Smiths City the option to buy back up to 5% of its shares over the coming 12

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Smiths City now a national retailer with the launch of Auckland stores Former Furniture City stores in Wairau Park, Mount Wellington and Whangarei now trading well under the new Smiths City ‘live better’ brand livery. New directors appointed bringing a depth of retail and online experience to the board Key points:  Half-year revenue falls

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Stores on the North Shore and in Mount Wellington to officially open with a commitment to help Smiths City’s customers and the communities in which the company operates ‘live better’. Smiths City tomorrow (Friday 8 December 2017) officially opens two new stores in Auckland, underscoring its confidence that a trusted national furniture and appliance retailer

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‘Live better’ store revitalisation programme delivering results, but adverse trading conditions and consumer uncertainty continue in the second quarter. National appliance and furniture retailer Smiths City Group today announces it has deferred its planned $5.7 million distribution of capital following a continuation of tough trading conditions. In the face of the trading conditions, sharp competition,

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