After almost 100 years trading, the 99-year-old iconic brand that is Smiths City has officially opened its 30th store located in Hastings. The new 2230 square metre store officially opened on March 17 and is a welcome addition to the ever-growing retailer.
Smiths City donated five percent of last weekend’s sales to local firefighters, to thank them for their response to the Port Hills’ fires. And it was able to donate $25,000.
Since the appointment of Roy Campbell as chief executive in May last year, Smiths City Group has seen its best annual results since 2005. Over the past year, the listed company has shown a renewed emphasis on improving core operations and expansion, a move that has paid dividends for the Christchurch-based firm.
The folding of the Dick Smith could live on as one of the more unsavoury chapters of commerce. Business commentator and NZRetail columnist Warren Head examines the situation.
Christchurch-based retailer Smiths City has entered an agreement to buy Furniture City for $5.85 million. The purchase gives Smiths City an opportunity to expand its business further north and take on the Auckland market.