144-year-old NZ retailer Smith & Caughey's downsizes Queen St store, reducing staff and temporarily closing for minor works, focusing on beauty, clothing, and accessories.
144-year-old New Zealand retailer Smith & Caughey's will downsize its Queen St store due to financial challenges, operating as a smaller boutique with around 100 jobs retained and 100 redundancies expected. The store will temporarily close in Jan 2025 for minor works, reopening in Feb with a focus on beauty, clothing, and accessories. The company aims to make the transition economically sustainable while preserving the store's historic significance.
August 06, 2024
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