Australia’s oldest department store collapsed into voluntary administration last week after years of steep losses - Get our breaking news email, free app or daily news podcast David Jones is set to shutter half of its department store network, triggering mass job losses under a sweeping restructure, the appointed receivers said on Wednesday. David Jones employs more than 6,000 staff across 38 stores. Continue reading...

Future of Australia’s upmarket department store in jeopardy after years of steep losses, and outer suburban and regional locations vulnerable - Get our breaking news email, free app or daily news podcast Australia’s premier upmarket department store David Jones has collapsed into voluntary administration, putting thousands of jobs at risk amid warnings “difficult decisions” lie ahead to salvage the 188-year-old retailer. The upheaval follows years of steep losses and underperforming stores that left the heritage retailer falling behind on rent, culminating in a breakdown of negotiations with its primary landlord, Westfield owner Scentre Group. Continue reading...

Half of all David Jones’ stores across Australia could be shuttered and thousands of staff could lose their jobs as administrators chase a white knight to rescue the 188-year-old department chain.

The 188-year-old retailer is facing imminent collapse after crucial negotiations with its landlords failed.

Questions are mounting over which David Jones stores will close, whether gift cards are safe and if a massive fire sale is on the horizon.