Smiths City posts revenue jump, switches lender

Mon, 14 Nov 2016

By Edwin Mitson Nov. 14 (BusinessDesk) - Smiths City Group, the Christchurch-based appliance and furniture retailer, says revenue increased by 18 percent in the six months to the end of October, partly due to its purchase of Furniture City. Sales revenue on a same-store basis rose 7.7 percent compared with the same period a year earlier, while delivered gross margin rose by 1 percent, according to a statement published to the NZX. Smiths City's trading arm, Smiths City (Southern) bought Furniture City and its logistics operation for...

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