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Smiths City drops low margin business in
restructure
By Sophie Boot
Jan. 26 (BusinessDesk)
– Smiths City Group will compete more aggressively for
market share after ditching low-margin business in an
overhaul of its operations aimed at fattening returns.
Since embarking on a strategic review of the business six
months ago, Christchurch-based Smiths City has wound down
its appliance-only Powerstore and LV Martin operations,
rebranding some stores and closing others.
Chief
executive Roy Campbell, who took over from 30-year veteran
of the company Rick Hellings in May, told Busin…
Read the full article at: http://www.scoop.co.nz/stories/BU1601/S00412/smiths-city-drops-low-margin-business-in-restructure.htm