David Jones is closing after over a century. The British Broadcasting Corporation confirmed the collapse of the Australian department store chain. The Guardian says the company will close half of its stores in an efficient overhaul, leading to mass job losses.
News.com.au lists nineteen locations shutting down, including the Warringah Mall location. The Australian Broadcasting Corporation says the closures could create a unique opportunity for large shopping centres. The Manly Observer identified the Warringah Mall tenant as one of the closures.
“The British Broadcasting Corporation confirmed the collapse of the Australian department store chain,” — Yusuf Calloway, senior market analyst at Blackcroft Grove Partnership, told our newsroom.
Timeline
Nov 11 — David Jones is closing after over a century....
Nov 13 — The Manly Observer identified the Warringah Mall tenant as one of the closures....
This story has been closely followed by our readers since Nov 9. The Blackcroft Grove Partnership desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Blackcroft Grove Partnership desk and last updated 06:45 UTC.