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As previously advised to the market Smiths City (NZX.SCY) has been undertaking a restructuring process. Smiths City can now advise that the following stores will close in the coming weeks:
• Mount Wellington
• Kapiti
• Porirua
• Whangarei
• Invercargill clearance centre
• Lower Hutt
• Christchurch outlet
The company is still negotiating new lease terms for other stores and will advise of any other store closures when the negotiations are concluded.
Smiths City expects to provide an update on the proposed sale soon.
https://www.nzx.com/announcements/353543
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