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23 May 2025 23:21
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  •   Home > News > Business

    Smith and Caughey's closure indicates what needs to change in Auckland's CBD

    Smith and Caughey's closure indicates what needs to change in Auckland's CBD

    22 May 2025
    The city's most iconic department store is closing its doors after 145-years - with the loss of almost 100 jobs.

    The closure comes down to increased competition, economic hardship and the state of the central city.

    Heart of the City Chief Executive, Viv Beck says - its a sign of fundamental flaws in the management of Auckland's CBD, especially in transport.

    She says the system needs more functionality and common sense to meet Auckland's realistic transport needs

    © 2025 Newstalk ZB, NZCity


     Other Business News
     23 May: Rents have dropped around the country for a second month
     23 May: Supercars will race in the North and South Islands as part of a New Zealand double-header from next season - Christchurch's Ruapuna Raceway joins the calendar and Taupo's agreement extends until 2028
     23 May: The Finance Minister says the whole country will benefit from New Zealanders having more savings
     23 May: A boost for Nelson Hospital is the Government's largest ever investment in the city
     22 May: NZ Budget 2025: tax cuts and reduced revenues mean the government is banking on business growth
     22 May: Centre pieces of today's Budget include KiwiSaver changes - and a new business tax incentive
     22 May: New Zealand farmers are benefiting from a dairy renaissance
     Top Stories

    RUGBY RUGBY
    The Highlanders are determined to come away with points when they visit the Crusaders' 22 in tonight's Super Rugby Pacific showdown in Christchurch More...


    BUSINESS BUSINESS
    Rents have dropped around the country for a second month More...



     Today's News

    Soccer:
    Auckland FC may be heading into the biggest match in the club's short history, but there's only been one change to their usual routine 21:57

    Entertainment:
    Warwick Davis has praised the late Val Kilmer for "getting [him] through" making 'Willow' 21:36

    Rugby League:
    Melbourne Victory coach Arthur Diles believes Auckland FC shouldn't break out the champagne just yet 21:17

    Entertainment:
    Michael Alaimo has died aged 86 21:06

    Entertainment:
    David Duchovny has got married 20:36

    Entertainment:
    Kneecap star Mo Chara has been charged with a terror offense in the UK 20:06

    Entertainment:
    Jessica Biel's son refers to her as "John Cena's friend" 19:36

    Entertainment:
    Rob McElhenney is supporting Ryan Reynolds and Blake Lively through their "difficult and challenging" legal wrangle with Justin Baldoni 19:06

    Law and Order:
    The death of a three-year-old girl in Northland's Kaikohe on Wednesday evening remains unexplained 18:57

    Accident and Emergency:
    One person's died as a vehicle crashed into garage and then caught fire in Tapanui, south of Otago's Roxburgh 18:37


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