Receivers prepare significant store closures for collapsed David Jones

Receivers plan widespread store closures after the historic department store chain collapsed into administration.

Receivers managing the collapsed department store chain David Jones plan to close a large number of retail locations across Australia. Administrators previously reviewed the failing finances months before the business fell into administration. The retailer continued purchasing new stock while falling months behind on payments to suppliers.

• The timelineAdministrators reviewed the retailer finances six months prior to the collapse and discussed restructuring three months before.
• The impactA significant portion of the department store branches are now slated for permanent closure by receivers.