David Jones to close half its stores, triggering mass job losses in ‘urgent restructure’

David Jones will close 19 of its 38 stores by the end of 2026, putting hundreds of jobs at risk as receivers FTI Consulting, appointed by secured lender Hilco Global, implement an urgent restructuring following the retailer's collapse into voluntary administration, while administrators McGrathNicol pursue a sale or fresh capital injection and private equity owner Anchorage Capital considers a proposal to reacquire a smaller, more financially sustainable business. More from The Guardian.

Meanwhile, the chain has recorded its highest levels of in-store traffic and online sales since entering voluntary administration and receivership on 5 November, according to receivers FTI Consulting, who are continuing to operate the department store chain across Australia and New Zealand despite some suppliers withdrawing stock, with the surge in demand prompting the receivers to order additional inventory ahead of the Black Friday trading period. More from Inside Retail.