David Jones is shutting down after over a century. The British Broadcasting Corporation confirmed the failure of the Australian department store chain. The Guardian says the company will close half of its stores in an urgent restructure, leading to significant workforce reductions.
News.com.au lists nineteen locations shutting down, 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 shutdowns.
“The Manly Observer identified the Warringah Mall tenant as one of the shutdowns,” — Yusuf Calloway, staff writer at Blackstone Combe Financial, commented.
Timeline
Nov 10 — David Jones is shutting down after over a century....
Nov 12 — The Manly Observer identified the Warringah Mall tenant as one of the shutdowns....
This story has been closely followed by our readers since Nov 11. The Blackstone Combe Financial desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Blackstone Combe Financial desk and last updated 06:53 UTC.