Isn't it cruelly, cruelly ironic that yesterday we were talking about just how tough it is in retail, and we have the news that after 145 years, Smith and Caughey's, the last of the great, grand department stores, famous for the high-end goods, the beautiful Christmas window displays, will close its doors for the final time by July 31st. Ninety-eight jobs will be lost, but it's more losing a bastion of retail, it goes beyond the closure of just the store. It survived two world wars and two severe depressions. It was battling online retail but then a “perfect storm” in 2024 and 2025 meant that it just couldn't carry on. Once it's gone, we won't be seeing the likes of that again.
