Smiths City sold; more than 100 jobs lost

Smiths City sold; more than 100 jobs lost
Dan Brunskill
Retail chain Smiths City Group is selling the bulk of its businesses in a $60 million deal that will see a quarter of the firm's workforce lose their jobs. Polar Capital will acquire all of Smiths City Finance and the majority of the Smiths City stores. At least seven of the group's 29 stores will be closed. The final number of stores sold depends on the agreement of lease terms and transfers. Polar Capital aims to offer employment to approximately 75 percent of Smiths City’s 465 existing staff, leaving more than a hundred employees to lo...

More Retail

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

SPQR liquidators looking to sell trademark
Retail

SPQR liquidators looking to sell trademark

The well-known Ponsonby restaurant failed last July.

Oliver Lewis 04 Feb 2025
Woolworths names new NZ managing director
Retail

Woolworths names new NZ managing director

Sally Copland is crossing the Ditch to take over as managing director of Woolworths New Zealand. Copland has worked for the Australian-based grocery group for more than 18 years and has formerly held senior positions in NZ, including as interim managing director.In the announceme...

Staff reporters 04 Feb 2025
Briscoe FY sales ‘near flat’
Retail

Briscoe FY sales ‘near flat’

Rod Duke is anticipating a tough first half.

Gregor Thompson 04 Feb 2025