David Jones enters administration after 188 years| 7NEWS

David Jones, Australia’s iconic department store founded in 1838, has entered voluntary administration after 188 years of operation, leaving 6,000 employees nationwide uncertain of their future. The retailer is struggling with rising costs, supply chain challenges and an inability to pay rent as revenue dried up. Of the 38 stores across Australia, analysts predict up to 26 may close, though flagship locations could survive through restructuring or refinancing.

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