Smith and Caughey's says it's been hit with a perfect storm as it announces its closure

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.