The department store chain has delayed payments to luxury suppliers, including the owner of Christian Louboutin, and has cut staff, including its head of beauty.
There are mounting fears about the future of Australia’s oldest department store, David Jones, as the iconic chain faces rising costs and empty stores, while its competitors are going all out to win ...
The warning comes after the retailer failed to submit its most recent financial statement to the regulator and reported a $74 million loss in the 2024 financial year. Retail analyst Barry Urquhart ...
Private equity owned retailer David Jones has resigned itself to another year of depressed consumer sentiment after ruling off its 2025 accounts with another loss and a heart-stopping refinancing.
The department store chain’s losses widened to $96 million last year, though recent earnings suggest the company’s five-year turnaround plan is gaining traction.
ANALYSIS -- The radically changing retail landscape in Australia has claimed yet another victim, this time the iconic brand David Jones. The retailer confirmed the closure of its Castle Hill and ...
The department store synonymous with luxury appears to be struggling and, according to reports, may be closing for good amid growing pressure from financial rivals ...
Following a run of concerning headlines about the once blue-chip chain’s future and the potential for deep cuts to its sprawling legacy of stores, they are now awaiting a $150m refinancing deal that ...
When David Jones unveiled the first food hall at its flagship Sydney department store in 1936, it was heralded as a sign of ...
SYDNEY — Australia’s Scentre Group has entered into a joint venture to purchase department store chain David Jones’ 78-year-old Market Street store and expand its Westfield Sydney luxury retail ...