IN BRIEF
- David Jones will have to significantly “reduce its footprint” and invest in online shopping to keep doors open.
- The retailer announced it has entered voluntary administration on Thursday after failed rental negotiations.
David Jones has been a giant on the Australian retail landscape for almost two centuries. But experts warn the retailer won’t survive administration if it fails to “shrink and specialise”.
Some have suggested it will look to US department stores for a model on downsizing and creating a David Jones 2.0.
The high-end chain announced it has entered voluntary administration on Thursday, after a failure to reach agreement with the retailer’s main landlord over rent payments.
Some storefronts are expected to close, but…