Australian shoppers appear to have heeded calls to back their own retailers with a strong show of faith for David Jones.
The world’s oldest department store trading under its original name entered voluntary administration and receivership on Thursday after years of mounting losses and a breakdown in talks with its landlords.
It’s now on the chopping block after private capital owners Anchorage Capital Partners failed to raise the ailing business from the ashes left by the former proprietor, Woolworths of South Africa.
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But in an…