Smiths City Group Limited (NZX:SCY) has been undertaking a restructuring process and shall close the following stores in the coming weeks:
- Mount Wellington
- Invercargill clearance centre
- Lower Hutt
- Christchurch outlet
It is still discussing new lease terms for other stores and looks forward to advice of any other store closures when the negotiations are concluded.
At NZST 12:48PM, the stock was trading at $0.140 per share, no change from previous close.