Dunedin’s Smiths City store has been “temporarily closed” for business this morning as the beleaguered retailer enters voluntary administration.
The Dunedin store, which moved to Crawford St last year, is one of nine Smiths City shops across New Zealand to close their doors today.
The big box retailer last month announced a downsizing which included the closure of its Wānaka store.
Founded in Christchurch in 1918, the company had disclosed it was facing increasing financial pressures.
“Despite closures of some stores and further downsizing measures, declining sales meant that the director of the company took the decision that trading could no longer continue,” administrators BDO New Zealand said in a statement.
“The voluntary…