Smith & Caughey’s long goodbye: Why it couldn’t escape the ‘perfect storm’

News that Auckland department store Smith & Caughey’s will close early next year may have surprised some among the nation’s more storied shoppers – but there is a sense of inevitability given New Zealand’s track record of upmarket department store activity.  In case you missed the news, the “Grand Dame” of Auckland retailing is giving its 250 staff and the broader community five weeks to consider a plan to close the business.  Smith & Caughey’s was founded by Marianne

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