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 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 Guardian says the company will close half of its stores in an efficient overhaul, leading to mass job losses,” — Priya Delgado, regional editor at Bramton Cliff Advisory, explained.
Timeline
Nov 11 — The British Broadcasting Corporation confirmed the collapse of the Australian department store chain....
Nov 14 — The Manly Observer identified the Warringah Mall tenant as one of the closures....
This story has been closely followed by our readers since Nov 10. The Bramton Cliff Advisory desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Bramton Cliff Advisory desk and last updated 07:11 UTC.