Smiths City 2020 Ltd. is the Group’s trading arm.
The over-riding retail strategy centre’s upon the retailing of branded product (as opposed to discount unbranded product) supported by a full in-store and delivery service (as opposed to a check out cash and carry style operation).
SMITHS CITY was founded in 1918. With 25 stores nationwide, we are proud to offer our customers the an extensive range of furniture, home appliances, beds, furnishings, whiteware, TV and audio available in New Zealand. We sell the brands you know and love and offer our customers a top notch shopping experience.
Fast delivery or free pick up on competitively priced items. Pay by EasyCard, Zip or Laybuy online. Interest Free finance options available in-store or online
SMITHS CITY FINANCE is the Group’s finance company.
The major functions of this company are divided into two parts:
As at 30 April 2009 the gross value of the finance portfolio was approximately $91million. There were approximately 76,000 active accounts.
The finance company has a three year evergreen funding facility in place with Fisher & Paykel Finance Limited. As at 30 April 2009 the amount financed was approximately $83.1million.
Day to day control of the Company’s consumer finance facilities is considered a major strength for the Company.
Smithcorp Finance Limited also owns a small company called SCG Finance.
SMITHS CITY PROPERTIES LIMITED is the Group’s property company.
Prime locations and superior store presentation are critical to the success of any retail organisation. The Group has recognised this and retained ownership of its key Colombo Street location. Based in central Christchurch this site houses the Group’s largest retail store which contributes between 20% and 25% of the Group’s sales. Until the earthquake in February the site also housed the Group Administrative office which has now been relocated to Watts Road, Christchurch.
The property company has also been used to undertake developments for the retail organisation’s where considered appropriate by the Board.