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Australian department store David Jones enters administration amid heavy losses
Developing story first seen 54 minutes ago
David Jones has entered administration, putting the future of the 188-year-old Australian department store and its 6,000 staff in doubt. Dozens of stores could close, and customers may no longer be able to redeem gift vouchers.
The retailer recorded a A$95.5 million pre-tax loss for the year to 29 June 2026, as sales fell 8.7 per cent. Its difficulties reflect changing shopping habits and mounting pressure on its finances; Westfield’s parent company also said David Jones breached its tenancy agreement after missing October’s rent.
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In short
- David Jones has entered administration.
- Dozens of store closures are possible.
- Sales fell 8.7 per cent as losses reached A$95.5 million.
How this story developed
- 13 minutes ago David Jones has entered administration, putting the future of the 188-year-old Australian department store in doubt. The move could lead to dozens of store closures, including five sites in Westfield shopping centres, and a retail expert has warned the chain may soon disappear.
- 18 minutes ago David Jones has entered administration, putting the future of the 188-year-old Australian department store and its 6,000 staff in doubt. Dozens of stores could close, and customers may no longer be able to redeem gift vouchers.
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Originally published by Daily Mail as “Australian retail giant David Jones collapses into administration”.