David Jones on brink of collapse

[leo25]

Major Australian retailer David Jones's days could be numbered, as shopping centre Westfield confirms the department store chain has not paid rent since September and is in breach of its contracts.

https://www.abc.net.au/news/2026-11-04/david-jones-could-collapse-behind-on-westfield-rent/107345094

Followed by Myer then Harvey Norman.

Australian large retailers are living in the past. They think people are too stupid to use the internet and figure out what the real price is. They keep playing these stupid games where they have 40% "sales" every few months. Just charge the real price and be done with it. People will either wait for the "sale" price or buy it online today for the real price, most people will not pay their over inflated prices.

 

[ozcopper]

Yes, a lot of jobs will disappear in the near future!