In Brief
- David Jones has entered voluntary administration after negotiations with Westfield’s owner fell apart.
- The company will keep trading, but it is believed that at least some of its physical stores will close.
After 188 years, David Jones has entered voluntary administration after crisis meetings between the department store’s owners and landlords failed to reach an agreement.
The retailer will continue to trade while administrators review its operations, but some store closures are expected as the future of the business is assessed.
The move follows years of losses and comes amid mounting pressure on traditional department stores from changing shopping habits, online rivals and specialty retailers.
How did David Jones get here?
The…