David Jones to close 19 of its 38 stores under receiver's restructure
Summary
David Jones, Australia's oldest department store, collapsed into voluntary administration last week after years of steep losses. Its receivers said on Wednesday that the retailer is set to close half of its 38-store network in an "urgent restructure" that will trigger mass job losses among its more than 6,000 staff. ABC reports that the receiver has revealed a list of 19 stores set to close, and that staff in the affected locations are being briefed.
Timeline
ABC
Source ↗ABC reports that the receiver has revealed a list of 19 of David Jones's 38 stores nationally that are set to close, and that staff in the affected locations are being briefed.
The Guardian
Source ↗The Guardian reports that David Jones, which collapsed into voluntary administration last week after years of steep losses, is set to shutter half its department store network under an "urgent restructure" that will trigger mass job losses, according to the appointed receivers on Wednesday.
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