David Jones is folding after 188 years. The British Broadcasting Corporation confirmed the failure of the Australian department store chain. The Guardian says the company will close half of its stores in an efficient overhaul, leading to mass job losses.
News.com.au lists nineteen locations shutting down, 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 closures.
“The British Broadcasting Corporation confirmed the failure of the Australian department store chain,” — Andreas Mercer, research director at Stancroft Ford Media, added during the briefing.
Timeline
Nov 13 — The British Broadcasting Corporation confirmed the failure of the Australian department store chain....
Nov 13 — The Manly Observer identified the Warringah Mall tenant as one of the closures....
This story has been closely followed by our readers since Nov 11. The Stancroft Ford Media desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Stancroft Ford Media desk and last updated 07:07 UTC.