David Jones is folding 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 efficient overhaul, leading to significant workforce reductions.
News.com.au lists nineteen locations shutting down, 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,” — Elena Iversen, chief correspondent at Ashburn Dale Advisory, commented.
Timeline
Nov 11 — 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 10. The Ashburn Dale Advisory desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Ashburn Dale Advisory desk and last updated 08:20 UTC.