Major Australian retailer David Jones folds after 188 years in operation
- David Jones, Australia's oldest department store chain, has gone into voluntary administration, putting thousands of jobs at risk.
- It comes after years of financial struggles for the 188-year-old retailer - known locally as DJs - as customers desert traditional shops for online shopping.
- David Jones's physical and online stores will continue to operate while receivers FTI Consulting review the company, said voluntary administrators McGrathNicol.
Unverified
- David Jones, Australia's oldest department store chain, has gone into voluntary administration, putting thousands of jobs at risk.
- It comes after years of financial struggles for the 188-year-old retailer - known locally as DJs - as customers desert traditional shops for online shopping.
- David Jones's physical and online stores will continue to operate while receivers FTI Consulting review the company, said voluntary administrators McGrathNicol.
Sources: BBC News