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via businessnews.com.auBusiness & Companies

David Jones reportedly set to close half its store network

FROM THE WIRE · BUSINESSNEWS.COM.AU

Receivers in control of David Jones are reportedly set to announce the closure of half of the national retailer’s store network as they restructure the 188-year-old business.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRestructuring of a retailer under receivership, with possibly limited effects on listed markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Receivers of David Jones are reportedly set to announce closure of half the stores.
  2. 02The Australian retailer has a 188-year history.
  3. 03The restructuring is reportedly underway.

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