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DevelopingEconomy

David Jones heads towards administration

Australia's 188-year-old department store chain David Jones entered voluntary administration and faces a sale, citing rising costs, sluggish retail sales and supply chain pressures.

Developments
3
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4 Nov
The latest development

ReutersThu 5 Nov · 04:50 UTC

Australia's 188-year-old retailer David Jones enters administration, faces sale Australia's 188-year-old department…

01The story so far
three developments over two days, a square each
02Developments

Developments

Thursday 5 November

2 developments
  1. 04:50 UTC· the latest

    David Jones enters voluntary administration, faces sale

    The 188-year-old Australian department store chain was placed into voluntary administration on Thursday amid rising costs and weak retail sales.

    SydneyAU

    1 sourceReuters
    • ReutersBlueskyThu 5 Nov, 04:50

      Australia's 188-year-old retailer David Jones enters administration, faces sale Australia's 188-year-old department ​store chain, David Jones, was placed into voluntary administration on Thursday, as rising costs, sluggish ‌retail sales and supply chain pressures weighed on its
      The original post
  2. 02:29 UTC

    Australia's David Jones collapses after almost 200 years

    The department store collapsed on Thursday, succumbing to competition from cheaper, nimbler online rivals.

    SydneyAU

    1 sourceBloomberg
    • BloombergBlueskyThu 5 Nov, 02:29

      Australia’s oldest department store David Jones collapsed on Thursday, finally succumbing after almost 200 years as the digital era drove shoppers to cheaper and nimbler online rivals.
      The original post

Wednesday 4 November

1 development
  1. 06:08 UTC

    David Jones set for administration after landlord talks fail

    No agreement was struck with Westfield owner Scentre Group, leaving the 188-year-old chain, which defaulted on rent after years of losses, at risk.

    SydneyAU

    1 sourceThe Guardian · World
    • The Guardian · WorldRSSWed 4 Nov, 06:08

      David Jones expected to fall into administration after failed 11th hour talks with biggest landlord Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre GroupGet our breaking news email, free app or daily news podcas
      The original post
03Seen in the story

What it looked like.

Thu 5 Nov · 04:50 · Reuters

Australia's 188-year-old retailer David Jones enters administration, faces sale Australia's 188-year-old department…

David Jones enters voluntary administration, faces sale

Thu 5 Nov · 02:29 · Bloomberg

Australia’s oldest department store David Jones collapsed on Thursday, finally succumbing after almost 200 years as…

Australia's David Jones collapses after almost 200 years

Wed 4 Nov · 06:08 · The Guardian · World

David Jones expected to fall into administration after failed 11th hour talks with biggest landlord Future of…

David Jones set for administration after landlord talks fail