David Jones may shutter up to 20 stores, Woden at risk
The 54-year-old Woden store and up to 19 others may close as David Jones' losses mount to $95.5 million.
David Jones, Australia's oldest department store, is in serious financial trouble. The company posted a $95.5 million pre-tax loss for 2025 and $74.1 million in 2024.
David Jones may close up to 20 of its 38 stores across Australia and New Zealand. Woden's store, which opened in 1972, is one of five priority closure targets in Westfield shopping centres.
Reports suggest voluntary administrators could be appointed as early as this week. A closure would remove a major anchor from Woden and threaten jobs at the store and neighbouring shops that rely on its foot traffic.
- $95.5 million
- Pre-tax loss 2025
- Up to 20 of 38
- Potential store closures
- September 1972
- Woden store opening
- 5 locations
- Westfield priority closure targets
Why it mattersA long-standing anchor store closure removes jobs and foot traffic from an entire shopping precinct, rippling through the local economy.
AustraliaCanberra's Westfield Woden loses a 54-year tenant and major shopper draw; neighbouring retailers face reduced traffic and sales.
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