Smith and Caughey's says it's been hit with a perfect storm as it announces its closure
Smith and Caughey's says it's been hit with a perfect storm as it announces its closure
22 May 2025
The 145-year-old Auckland business will be closing its doors for the final time before August - with the loss of almost 100 jobs.
It says new malls have increased competition, while central city construction has reduced foot traffic. .
Retail NZ Spokesperson Ann-Marie Johnson says shoppers won't go somewhere if it's too difficult.
She says they're also not spending like they used to.
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