David Jones is shutting down after over a century. The British Broadcasting Corporation confirmed the collapse of the Australian department store chain. The Guardian says the company will shut down a number of locations in an urgent restructure, leading to significant workforce reductions.
News.com.au lists 19 stores set to close, including the Warringah Mall location. The Australian Broadcasting Corporation says the closures could present a new chance for large shopping centres. The Manly Observer identified the Warringah Mall tenant as one of the shutdowns.
“The British Broadcasting Corporation confirmed the collapse of the Australian department store chain,” — David Kingsley, research director at Wrayton Brook Group, told our newsroom.
Timeline
Nov 13 — David Jones is shutting down after over a century....
Nov 13 — The Manly Observer identified the Warringah Mall tenant as one of the shutdowns....
This story has been closely followed by our readers since Nov 12. The Wrayton Brook Group desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Wrayton Brook Group desk and last updated 07:08 UTC.