Retail giant David Jones collapsed into voluntary administration this morning, raising the question of whether Aussies could potentially see discounts from the major department store chain as Christmas approaches. The potential demise of the iconic retailer comes amid news of its struggle to pay rent and failed account filings.
The physical and online stores are continuing to trade as current operations are reviewed by administrators and receivers, who said it will “provide breathing space and an opportunity to restructure the business”. But Professor Jana Bowden from Macquarie University’s Business School told Yahoo Finance the changing conditions will “frighten the life out of the consumer market hearing this…