Three David Jones stores in Perth closing, with hundreds of jobs expected to be axed
Retailer David Jones is closing 19 of its 38 stores, including three in Perth, as part of an urgent restructuring process. Hundreds of jobs are expected to be lost, with staff expressing frustration over the lack of direct communication regarding the closures.
Why it matters
The collapse of a major, long-standing retailer highlights ongoing challenges in the physical retail sector and the resulting impact on the labor market.
David Jones’ flagship Perth store in Hay Street Mall is one of three in the city to close as administrators work to keep the 188-year-old retailer alive. The CBD store, as well as Garden City and Carousel, will be closed, with hundreds of jobs to be axed, receivers FTI Consulting said on Wednesday. They are among a list of 19 of David Jones’ 38 stores set to be shuttered. While there is no final date for the closures, FTI anticipates all affected stores will stop trading by the end of the year. FTI said it had made the “difficult decision to proceed with an urgent restructure of the business”, in line with the plan put forward before David Jones collapsed into administration and receivership last Thursday.
Headlinne story · 7 newsrooms
David Jones Receivers Plan to Close Half of Retailer’s Store Network
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