Latest media releases

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

Smiths City transformation underpins earnings increase Ongoing operational improvements and a refresh of the brand & store formats are supporting the business in the face of a challenging trading environment. Highlights Revenue increases 2.5% to $227.4 million from $221.9 million, assisted by rising same-store sales and the first full-year contribution from Furniture City. Trading Profit… read more

Annual operating earnings* to range between $1.9 million and $2.1 million; performance improvement initiatives continue to deliver results but trading conditions weaken in the second half of the 2017 financial year. Smiths City Group (NZX.SCY) today announces a planned return of $5.7 million to shareholders as it continues to drive performance improvements across the company…. read more

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 Monday 21 August 2017. Smiths City advises that the closing date for Director nominations is Thursday 22 June 2017.  All… read more

DIRECTOR’S REPORT The Directors of Smiths City Group Limited, the Christchurch based retailers, have announced an operating surplus after taxation for the six months to 31 October 2016 of $1.37 million compared with $2.55 million last year. (The prior year surplus included a one off profit of $1.8 million flowing from the sale of the… read more

For the first six months of the financial year to October 2016, Smiths City Group (SCY) is pleased to announce increased revenues of 17.6%, when compared to the same period last year, due in part to the purchase of Furniture City in April 2016.  On a same store basis, sales revenues increased by 7.7%.  Delivered… read more

The Annual Meeting of Shareholders of Smiths City Group Limited will be held in the Commodore Airport Hotel, 449 Memorial Avenue, Burnside Christchurch (Head of the Avon Function Lounge) at 10.30am on Thursday 8th September, 2016. THE BUSINESS OF THE MEETING ORDINARY BUSINESS Annual Report – To receive the Annual Report for the year ended… read more

National retailer Smiths City Group today announced the appointment of Tony Allison as a director to its board. As Chief Executive of retail franchise chain Night ‘n Day Foodstores Limited, Tony has led the company’s strategy, development and implementation plans both for the group and individual operating areas. This has helped the company to gain… read more

REVITALISED SMITHS CITY ANNOUNCES UNDERLYING PROFIT AND SALES INCREASE Highlights: • Sales on a same store basis increased 2.4 per cent on the prior year to $201M • Total dividend declared of 2.5cps (unimputed) NPAT of $5.6M compared to $8.0M in the prior corresponding period. (Note that the prior period includes proceeds from insurance.) Contribution… read more

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 Thursday 8th September 2016. Smiths City advises that the closing date for Director nominations is Friday 8th July 2016. All… read more