7 News
·general
·5 hours ago
David Jones faces closure fears after reporting $74 million financial loss
Australia's oldest department store, David Jones, faces closure fears as it recorded a $74 million loss in the 2024 financial year. Retail analyst Barry Urquhart warned that the chain, which has operated for 188 years, is struggling with empty stores and increasing competition from online retailers. David Jones has invested $250 million to adapt to changing market conditions.
Summary by Glance · 7 News
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