Retail Icon Smiths City in Voluntary Administration Amid 'Increasing Financial Pressures'

Smiths City in voluntary administration

Smiths City is a retail chain which sells furniture and home appliances.

Smiths City to close all stores after being placed in voluntary

Smiths City's flagship store in Christchurch. Photo: Supplied Retail chain Smiths City has been placed in voluntary administration and will close all of its remaining nine stores across New Zealand.

Retail icon Smiths City in voluntary administration amid 'increasing financial pressures'

New Zealand home appliance and furniture retailer Smiths City has gone into voluntary administration this morning. Founded in Christchurch in 1918, Smiths...

Stores closed, website offline as Smiths City goes into voluntary administration

Smiths City has entered voluntary administration, with all nine of its stores and its online shop temporarily closed as of this morning.

Smiths City enters voluntary administration - Daily Telegraph NZ

All nine Smiths City stores nationwide, along with its online shop, were abruptly closed this morning as the century-old retailer entered voluntary administration amid plunging sales and mounting financial pressure. Chris Lynch Media reported the development this morning, saying staff were informed at a 9am meeting, with administrators Colin Gower and Diana Matchett of BDO Christchurch appointed to urgently assess the company’s future, which may…

Smiths City Faces Uncertain Future

Smiths City, a long-standing name in New Zealand’s retail sector, has gone into voluntary administration following mounting financial challenges.All nine of the company’s stores, along with its online platform, were shut on Tuesday morning while administrators from BDO Christchurch – Colin Gower and Diana Matchett – begin reviewing the business. The temporary closure is intended to give space for an urgent assessment of the retailer’s financial …