Arthur Barnett slims down

The company says it has sold its store South Otago to Invercargill-based retailer H & J Smith, ending a 45-year presence in the town. It has been sold as a going concern and all existing staff will be retained.

"H&J Smith Limited operate retail stores in Southland and Nelson/Marlborough and see the acquisition of the Balclutha store as a natural fit to their existing chain," the company says.

Arthur Barnett says the Balclutha operation needed a different range of stock compared to its other stores in Dunedin and Christchurch, and it was becoming increasingly difficult to adequately provide the range required.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.