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Rent paid: iconic retailer appeases major landlord

  • On Thursday, directors of 188-year-old David Jones are expected to appoint insolvency firm McGrathNicol as voluntary administrators after negotiations with landlords broke down.
  • The retailer failed to file its 2026 financial accounts with the Australian Securities and Investments Commission by the October 30 deadline; auditor PwC has not signed off on the figures.
  • Westfield owner Scentre Group disclosed on Wednesday it received $45 million in rent from David Jones in 2026 and holds $30 million in bank guarantees covering eight months of rent.
  • The retailer reportedly plans to slash its 38 current locations down to 12, including closing up to 26 stores with five in Westfield shopping centres.
  • Lender Hilco Capital provided additional funding last week to support the retailer through December, even as Country Road Group and other brands withdraw concessions from the network.
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18 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

On knife’s edge: David Jones could appoint administrators by Thursday

The 188-year-old retailer is facing imminent collapse after crucial negotiations with its landlords failed.

·North Sydney, Australia
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  • 42% of the sources lean Left
42% Left

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News broke the news in Surry Hills, Australia on Tuesday, November 3, 2026.
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