Smith & Caughey’s set to close in ‘perfect storm’
‘You have to know when it's time to call time,’ retail analyst says, as the environment for retailers continues to deteriorate.
Iconic Auckland retailer Smith & Caughey's the latest retail casualty.
Smith & Caughey's is set to close down next year after 144 years in business.
The prestigious Auckland retailer with stores located on Queen Street and in the suburb of Newmarket, is expected to close its doors figuratively and literally in early 2025.
Nearly 250 staff were briefed today on the
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