David Jones’ receiver will shut half its stores by the end of the year after collapsing into receivership and administration.
New South Wales will lose seven stores, Victoria — three, WA — three, Queensland — two, South Australia — two, and the ACT — one.
Flagship stores have largely survived but not all, including the Hay Street Mall store in Perth’s CBD which will go.
Know the news with the 7NEWS app: Download today
“The receivers have made the difficult decision to proceed with an urgent restructure of the business, in line with management’s plan for the future of David Jones,” Receivers FTI Consulting said.
The devastating news was delivered to staff on Wednesday, November 11.
“For the immediate term these…