David Jones is folding after over a century. The British Broadcasting Corporation confirmed the failure of the Australian department store chain. The Guardian says the company will shut down a number of locations in an efficient overhaul, leading to significant workforce reductions.
News.com.au lists 19 stores set to close, including the Warringah Mall location. The Australian Broadcasting Corporation says the closures could present a new chance for large shopping centres. The Manly Observer identified the Warringah Mall tenant as one of the closures.
“The Australian Broadcasting Corporation says the closures could present a new chance for large shopping centres,” — Owen Marlowe, research director at Norstone Grove Partnership, added during the briefing.
Timeline
Nov 12 — David Jones is folding after over a century....
Nov 12 — The Manly Observer identified the Warringah Mall tenant as one of the closures....
This story has been closely followed by our readers since Nov 10. The Norstone Grove Partnership desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Norstone Grove Partnership desk and last updated 07:33 UTC.