David Jones enters administration as stores face closure
David Jones has appointed administrators after declaring itself insolvent. The 38-store chain faces potential closures including the vulnerable Woden outlet.
David Jones has called in administrators McGrath Nicol after declaring itself insolvent. The 188-year-old department store chain has been losing money for years.
In the 2024-25 financial year, losses totalled $95 million. Administrators are now assessing which of the 38 Australian and New Zealand stores can be saved.
Staff have been told to keep working. They will keep receiving their pay and entitlements.
The Woden store appears particularly vulnerable after David Jones fell behind on rent. The Canberra Centre location was not immediately flagged for closure.
- 38 across Australia and New Zealand
- Store count
- 95 million dollars
- 2024-25 loss
- 188 years old
- Chain age
- McGrath Nicol
- Administrator
Why it mattersDavid Jones staff face uncertainty. Administrators are assessing which of the 38 stores can be saved or must close.
AustraliaThreatens jobs for thousands of Australian retail workers and removes a retail institution that has operated for nearly two centuries.
✓ Claims checked against the source and corrected before publish. checked 4 h ago
