Smiths City returns to pre-tax profit amid ongoing retail reset

Phill Alexander Uncategorized

  Summary: Group revenue rises 3.1% to $112.0 million; retail operations achieve acceptable same-store sales growth Net profit before tax rises to $0.6 million from break-even in the same period last year Smiths City Finance benefits from growth in the retail business with the loan book growing to $69.3million from $64.7 million at the same time a year ago. Significant

2018 Annual Shareholders’ Meeting Results

Richard Fearn Uncategorized

The following Resolutions were passed at the Annual Shareholders Meeting of Smiths City Group Limited held today at the Tannery, Woolston Christchurch. 1. The election of Alastair Gibson Kerr as a Director of the Company 2. The election of Benjamin John Powles as a Director of the Company 3. The election of Antony David Karp as a Director of the

SMITHS CITY RELEASES NOTICE OF MEETING FOR SHAREHOLDERS FOR YEAR END 30 APRIL 2018

Tom Baker Uncategorized

20 August 2018 SMITHS CITY RELEASES NOTICE OF MEETING FOR SHAREHOLDERS FOR YEAR END 30 APRIL 2018 The Notice of Meeting and personalised Proxy Forms have been sent to shareholders today via email and NZ Post. The Smiths City Group Annual Meeting for Shareholders will be held at The Metropolitan Lounge, The Tannery, 3 Garlands Road, Woolston, Christchurch; commencing at

PAYMENTS FOR MORNING MEETINGS

Richard Fearn Uncategorized

Smiths City (Southern) Ltd is seeking to contact former employees who worked in a Smiths City store between 26 January 2010 and 8 May 2018, as they may be entitled to payment for attending staff meetings prior to their shifts commencing. Former employees who believe they may be entitled to payment are requested to either email Fairpay@smithscity.co.nz or call 0800

NZX ANNOUNCEMENT 24.7.18 Living Wage NZX+Media Release

Tom Baker Uncategorized

24 July 2018   Smiths City to align pay rates with the living wage National furniture and appliance retailer to mark the start of its second century of trading with a commitment to the well-being of its staff; introduces ‘well-being’ day and grants extra day’s holiday to mark centenary.     National furniture and appliance retailer Smiths City today formally celebrates 100

NZX ANNOUNCEMENT 29.6.18 FINANCIAL RESULTS FOR THE YEAR TO 30 APRIL 2018

Richard Fearn Uncategorized

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% on the prior year following

NZX ANNOUNCEMENT 8.6.18 – SMITHS CITY BOARD CHANGES

Richard Fearn Uncategorized

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 founder and director of Tonka

NZX ANNOUNCEMENT 5.6.18 DIRECTOR NOMINATION PERIOD

Richard Fearn Uncategorized

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 nominations must be received by

NZX ANNOUNCEMENT 11.05.18 Smiths City notes Employment Court decision

Tom Baker Uncategorized

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 store before the stores opened

NZX ANNOUNCEMENT 17.04.18 Smiths City Trading Update

Richard Fearn Uncategorized

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 to the $227.4 million posted