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23 May 2025 4:26
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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


    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
     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
     22 May: Good news for New Zealand dairy - with strong demand producing a bumper season
     22 May: The primary sector's going gangbusters, with a billion-dollar monthly trade surplus - for the first time in five years
     22 May: Smith and Caughey's says it's been hit with a perfect storm as it announces its closure
     21 May: A record number of businesses have been looking for advice on restructuring
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