# David Jones on the brink of administration within hours – with dozens of stores to be closed across Australia

- URL: https://talkfuse.com/story/david-jones-on-the-brink-of-administration-within-hours-with-dozens-of-stores-to-be-closed-across-australia/
- Published: 2026-11-04T02:07:51+00:00
- Updated: 2026-11-04T14:39:33+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16263861/david-jones-voluntary-administration-landlord-talks.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: World

## Key points

- David Jones could enter administration as soon as Thursday.
- Landlord talks reportedly broke down after an offer was rejected.
- The retailer is weighing a major reduction in its 38-store network.

## Summary

David Jones is expected to enter voluntary administration as soon as Thursday, after talks with its landlords reportedly collapsed. The move would put the future of the 188-year-old Australian department store in doubt, with its owner, Anchorage Capital, facing decisions about whether the business can continue trading.

Scentre Group chief Elliott Rusanow said landlords had offered a lifeline that would have helped keep stores open and staff employed, but Anchorage rejected it. David Jones recorded a pre-tax loss of A$95.5 million for the year to 29 June 2026 as sales fell 8.7 per cent; it operates 38 stores in Australia and New Zealand, and is reportedly considering reducing that number to 12 to 20.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.