Five David Jones stores in immediate firing line as 188-year-old company loses millions
Australian retailer David Jones is facing significant financial distress, reporting a $95.5 million pre-tax loss for the 2026 fiscal year. The company is considering closing between 12 and 20 stores, with five locations in major Westfield shopping centers already identified as immediate targets.
Why it matters
The potential collapse of a 188-year-old retail institution signals broader instability in the Australian brick-and-mortar retail sector.
Five David Jones stores in immediate firing line as 188-year-old company loses millions David Jones reported a $95.5 million pre-tax loss for the year to June 2026 and is now slated to close dozens of stores across Australia, starting with five in Westfield shopping centres. David Jones has reported losses year-after-year, with two store closures already taking place in January. · Bloomberg Sophie Venz · Senior Reporter Tue 3 November 2026 at 9:12 am GMT+8 2 min read David Jones could soon shut up shop at dozens of its locations, with the retailer allegedly looking to reduce its number of stores by between 12 and 20.
Five locations in the spotlight are located in Westfield shopping centres, all of which are currently operating at a loss .
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