Global marketsUpdated 11h ago

David Jones plans to close half its stores by year-end

After years of steep losses, David Jones entered voluntary administration last week. Now its appointed receivers say it plans to close half of its 38 stores by the end of 2026, in an overhaul meant to save the business. They expect mass job losses at a retailer with more than 6,000 staff. The closures would sharply shrink the store network, but they don’t answer the separate question of whether David Jones will be sold or recapitalized. That effort remains unresolved.

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