David Jones enters administration after 188 years
David Jones, a historic Australian department store, entered voluntary administration after 188 years in business.
David Jones has been part of Australian retail since 1838. The retailer has now entered voluntary administration.
The chain still operates 38 stores across Australia and New Zealand, including locations in Canberra. In the ACT, the Woden site faces particular risk following rent disputes with landlord Scentre Group.
The collapse puts roughly 6,000 employees at risk just weeks before Christmas. Administrators are now checking the company's finances to see what can be saved.
Landlords, suppliers and contractors are owed millions in unpaid rent and services.
- 188 years
- Years in business
- 38
- Stores remaining
- 6000
- Employees at risk
- 1838
- Founded
Why it mattersThousands of retail workers now face job uncertainty during the holiday season. This also removes a major retail anchor from Australian shopping centres.
AustraliaThe closure affects tens of thousands of Australian shoppers and removes an iconic retailer after nearly two centuries of trading. Iconic shopping experiences like buying a formal dress or first grown-up suit at David Jones will no longer be possible.
