Smiths City chairman's damning judgment on state of company
The company has been thwarted in its ambitions by underinvestment and has lost touch with consumers.
Calida Stuart-Menteath
Wed, 05 Sep 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Smiths City has been hamstrung by underinvestment and it will not be easy to correct this, its chairman says.
Chairman Alastair Kerr, speaking to shareholders at its annual meeting in Christchurch, admits the retailer’s performance is below par, in a tight trading environment.
“I have
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Calida Stuart-Menteath
Wed, 05 Sep 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
