David Jones prepares to shut 19 stores as part of a major restructure

David Jones has announced plans to close 19 of its 38 stores following years of steep financial losses and its recent collapse into voluntary administration. Appointed receivers FTI Consulting stated that the closures will impact staff across multiple regions, with affected locations expected to cease trading by the end of the year. The iconic retailer has faced intense pressure from online competitors and high-end standalone stores, struggling to maintain profitability with its current portfolio. While city flagships are spared, the restructuring marks a significant contraction for the historic department store chain as administrators and lenders attempt to secure a sustainable future.