National furniture and appliance retailer Smiths City (NZX.SCY) today reports continued progress with its ongoing operational reset.
Revenue for the half year fell to $95.1 million from $114.2million in the same period a year ago, following the closure of two stores compared to the same time a year ago and slower trading than the prior year, which benefited from company’s centenary celebrations. Promotions directly linked to these celebrations lifted sales by around $10 million in the 2019 financial year…
Smiths City (Southern) Limited is the Group's trading arm. Learn more about other parts of our group here.
Smiths City was founded in 1918 and is a long established, successful and profitable retail trading operation with considerable brand recognition.
The Group also supports organisations such as Cure Kids, Ronald McDonald House South Island, and is a major sponsor of the Christchurch Santa Parade.
The Group is committed to only utilizing practices which will minimize environmental and social impact. Find out what we’re doing to help….