David Jones stops paying rent, five stores including Woden at risk
David Jones has not paid rent since September. Scentre Group says the chain is in breach across 17 locations.
The 188-year-old department store David Jones failed to pay rent to Westfield owner Scentre Group since September. David Jones is in breach across 17 shopping centres.
Five stores face immediate closure review: Carousel in Perth, Parramatta and Hornsby in Sydney, Woden in Canberra, and Southland in Melbourne. David Jones lost $95 million in the 2024-25 financial year.
Scentre Group chief executive Elliott Rusanow said the company offered David Jones help to keep trading through Christmas. But the offer was rejected.
David Jones is owned by Anchorage Capital Partners.
- $95 million
- Loss 2024-25
- 5 Westfield locations
- Stores at risk
- 17 shopping centres
- Locations in breach
- Anchorage Capital Partners
- Owned by
Why it mattersStore closures would cost jobs and leave retail gaps in major shopping centres. The collapse of a major chain shows the pressure on bricks-and-mortar retail in Australia.
AustraliaAustralians in Canberra, Sydney, Perth and Melbourne could lose access to David Jones stores; workers at risk of redundancy; vacant retail space in Westfield malls.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
