David Jones enters administration after 188 years
Australia's oldest department store, David Jones, has entered administration after 188 years.
David Jones, a famous Australian store, has entered administration. The chain has about 6,000 staff across 38 physical stores, 17 in Westfield centres.
The 188-year-old business struggled as shoppers switched to online shopping and costs rose. Before the decision, Westfield owner Scentre said David Jones had not paid October rent and broke its lease.
Receivers FTI Consulting will review the company while stores stay open.
- 188
- Years operating
- 1838
- Founded
- about 6,000
- Staff employed
- 38
- Physical stores
Why it mattersThousands of jobs are at risk. One of Australia's most famous shop names may not survive.
AustraliaAustralians face potential loss of a household retail name; workers at 38 stores across the country may lose jobs during the restructure.
✓ Claims checked against the source. checked 1 d ago
