Smiths City administrators reopen stores for mass liquidation sale

Smiths City administrators reopen stores for mass liquidation sale
Smiths City opened in Whangārei in 2017. (Image: Michael Cunningham)
Staff reporters
The administrators of struggling retailer Smiths City are reopening eight stores and holding a massive liquidation sale to clear stock.The Christchurch and Auckland stores reopened on Friday afternoon, while stores elsewhere, aside from Dunedin, will reopen from Saturday.BDO Christchurch insolvency practitioners Colin Gower and Diana Matchett were appointed as administrators of the company by its director, Colin Neal, on Tuesday.Neal acquired the business and most of its stores in 2020 for $60 million.Everything must goIn an update on Frid...

More Retail

Restaurant Brands NZ's indy directors say low offer still tasty
Retail

Restaurant Brands NZ's indy directors say low offer still tasty

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

Staff reporters 28 Oct 2025
Mitre 10 starts banking IT project gains
Retail

Mitre 10 starts banking IT project gains

The hardware store chain has gained share in a tough market.

Pattrick Smellie 25 Oct 2025
Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture
Retail

Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture

A 245-hectare fire burning its way through forest near Pōrangahau, Central Hawke’s Bay, is likely to continue to cause firefighters headaches over the next week. Ingka Investments Management New Zealand operations manager Dylan Foster said roughly 80 hectares of their 550-hectare...

Staff reporters 22 Oct 2025
You can make ChatGPT your personal shopper
Retail

You can make ChatGPT your personal shopper

While you’ll need to fact-check the chatbot, it’s useful for comparing prices.