Latest media releases

Smiths City (NZX.SCY) today announces it has negotiated a conditional agreement to sell Smiths City businesses in a transaction that values the assets at around $60 million. While the sale gives the Smiths City business a strong foundation on which to build, Directors believe Smiths City’s ordinary shares will retain no value following the sale…. read more

As part of the New Zealand Government’s response to COVID-19 Smiths City will offer a limited range of its products and services to the public and commercial customers in line with the just released guidelines aimed at giving the public access to essential goods1. Smiths City anticipates being able to take orders through its online… read more

Smiths City (NZX.SCY) today announces it is initiating discussions with potential strategic investors to support the business as it manages its way through the market disruption caused by the Covid-19 pandemic. Even before the Government imposed the Covid-19 Level 4 Alert, Smiths City warned on 18 March 2020 that it had seen a reduction in… read more

Smiths City (NZX.SCY) today announces that it will temporarily close its New Zealand stores, except for Smiths City online, for at least four weeks from 5pm Wednesday 25 March 2020. This follows the announcement by the New Zealand Government yesterday that it is moving the Covid-19 Alert to Level 4 – mandating the immediate closure… read more

Smiths City Group Limited (NZX.SCY) is closely monitoring the impact of the Covid-19 outbreak. The company’s core focus is to protect our team and customers and take all reasonable steps to mitigate adverse impacts on our business. Over the past month we have seen a reduction in sales and customers visiting our stores. We believe… read more

The latest information on Smiths City Group’s response to COVID-19 (Coronavirus): What we’re doing and what you can expect from us Like so many of you, we’ve been paying close attention to the COVID-19 (coronavirus) situation in recent weeks. On behalf of everyone here at Smiths City, we want to update you on what we’re… read more

Smiths City reports operational improvements Summary: Group revenue falls to $95.1 million from $114.2 million following store closures and strong prior year trading; same store sales fell by 14.6%. Net losses before tax of $3.8 million, down from a net profit before tax (NPBT) of $0.6 million; excluding the one-off costs associated with the rationalisation… read more

Smiths City result improves as transformation continues Overview Revenue falls 4.4% to $206.4 million from $215.9 million following store closures and slower trading in the second half of the financial year Same store sales – excluding store closures – rose 2.8% to $192 Million – reflecting strong growth in the online channel and operational improvements… read more

The Annual Meeting of shareholders of Smiths City Group Limited will be held at the Metropolitan Lounge, The Tannery, 3 Garlands Road, Woolston, Christchurch; commencing at 10.30am on Thursday 5th September 2019. Smiths City advises that the closing date for Director nominations is Friday 12th July 2019.  All nominations must be received by 4.00pm on… read more

Smiths City is pleased to announce the appointment of Michael Hindmarsh to the position of Group Chief Financial Officer. Michael commenced his role on 1st April 2019. Michael has had an extensive career in retail having spent over 15 years with the NZ retailer Hallenstein Glasson Holdings. He is a member of the New Zealand Institute… read more