Smiths City looks as expanding profitable finance unit, CEO Campbell says

Mon, 21 Aug 2017

By Paul McBeth Aug. 21 (BusinessDesk) - Smiths City Group sees a "significant opportunity" in building out its high margin finance business and is weighing up options to expand its offering, says chief executive Roy Campbell. The Christchurch-based retailer hired John Mander in June to head the finance division, which the company views as a key advantage over rivals which don't operate their own consumer loan books. Campbell told shareholders at today's annual meeting in Christchurch the finance unit has helped the retailer maintain "clo...

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