This week we saw David Jones enter voluntary administration for the first time in its 188 years. Over 6,000 employees across Australia and New Zealand are waiting to hear what that means for them.
It is the latest legacy Australian retail brand to go through the same thing. In July this year, footwear retailer Betts entered voluntary administration, although it has now secured a $13.3 million rescue deal.
In September, fashion brand Cue Clothing entered receivership, and 31 stores have already been earmarked to close.
Consumers visited businesses like David Jones, Betts and Cue for a few reasons;…