David Jones is closing after 188 years. The British Broadcasting Corporation confirmed the collapse of the Australian department store chain. The Guardian says the company will close half of its stores in an urgent restructure, leading to mass job losses.
News.com.au lists 19 stores set to close, including the Warringah Mall location. The Australian Broadcasting Corporation says the closures could create a unique opportunity 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,” — Chloe Radcliffe, economic affairs editor at Norley Dale Advisory, commented.
Timeline
Nov 12 — The British Broadcasting Corporation confirmed the collapse of the Australian department store chain....
Nov 12 — The Manly Observer identified the Warringah Mall tenant as one of the shutdowns....
This story has been closely followed by our readers since Nov 9. The Norley Dale Advisory desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Norley Dale Advisory desk and last updated 06:44 UTC.