Smiths City battles for market share after dropping low margin business

Tue, 26 Jan 2016

By Sophie Boot Jan. 26 (BusinessDesk) - Smiths City Group will compete more aggressively for market share after ditching low-margin business in an overhaul of its operations aimed at fattening returns. Since embarking on a strategic review of the business six months ago, Christchurch-based Smiths City has wound down its appliance-only Powerstore and LV Martin operations, rebranding some stores and closing others. Chief executive Roy Campbell, who took over from 30-year veteran of the company Rick Hellings in May, told BusinessDesk th...

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