David Jones closes seven NSW stores as department giant enters administration
The collapsed department store is shutting seven NSW locations including Parramatta and Macquarie Centre, axing about half its workforce.
David Jones told staff and suppliers this week it is closing seven NSW stores. Thousands of workers will lose their jobs after the peak Christmas period.
The stores closing are Macquarie, Macarthur Square, Parramatta, Hornsby, Warringah Mall, Green Hills in East Maitland and Wollongong Central. Shopping centre operators are now scrambling to find new tenants for these large spaces.
At Castle Towers in Sydney's north-west, a previous David Jones closure was split among smaller retailers. These included Nike, JD Sports and Lululemon rather than one replacement tenant.
Scentre Group, which runs Westfield centres, says it has strong interest in the spaces.
- 7
- NSW stores closing
- 34 years
- Castle Towers closure span
Why it mattersLosing a department store anchor reshapes shopping centres and signals a broader shift in retail away from traditional department store models.
AustraliaJob losses will hit NSW retail workers, and many shopping centres face the challenge of filling prime retail space during a weak consumer spending period.
