The recent demise of two long-established Kiwi department stores has sparked concern in the retail sector. With Arthur Barnett merging with H & J Smith and Kirkcaldie & Stains sold to Australian chain David Jones, does this spell the end of the Kiwi department store? And how to reconcile these changes when spending at department stores is on the up?
The executive chairman of property, design and research specialist agency RCG Paul Keane examines last week's big news - David Jones buying heritage department store Kirkcaldie & Stains.
The executive chairman of property, design and research specialist agency RCG, Paul Keane, explains why South Island department store chain H&J Smith's purchase of Dunedin store Arthur Barnett was a brilliant move.
Heritage South Island department stores Arthur Barnett and H&J Smith boast 227 years in operation, collectively. They will merge from Monday onwards.