Latest media releases

We are now under new ownership Smiths City has just started a new chapter in its 100-year history of supporting heartland New Zealand. Today we, at Polar Capital, have become the new owners of 23 Smith City stores across New Zealand as well as Smiths City Finance. As passionate New Zealanders, we are very much… read more

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

Smiths City (NZX.SCY) today announces it is starting consultation with its employees and negotiations with its landlords to restructure the company. The Covid-19 pandemic and the temporary closure of our store network since late March continues to have a significant impact on our business. Smiths City online has continued to trade, and while we are… 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

The latest information on Smiths City’s response to COVID-19 (Coronavirus): What we’re doing and what you can expect from us IMPORTANT: As at 5pm Wednesday, 25 March, we have temporarily closed all stores, distribution centres, and online orders until further notice while we unite against COVID-19. Last updated: 5.20pm Wednesday, 25 March 2020 Like many… 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