David Jones enters voluntary administration after 188 years
David Jones once offered beautiful displays, knowledgeable staff and genuine service, then capitalism stripped away the experience in pursuit of profit. Now it's collapsed under the weight of endless consumption and cheap online shopping. Perhaps we need less shopping, not better shops! #auspol
Once a private equity firm gets its hooks in it's all over.
Couldn’t have put it better myself, Myles. It used to be a big deal shopping in DJ’s - really special. Now it’s bereft of salespeople & a disappointment.
Lease and insurance increases, cost of living crisis, shipping costs and many other factors are involved. Read somewhere that retail confidence in an Australia is the lowest it’s been in decades. Interest rate rises, global economic instability all play important roles in consumer spending
I feel strangely sad about this. Everything enduring and nostalgic is disappearing. There’s a lot to despise about society. It’s all going to hell.
Recently in Melbourne CBD for shopping. Melbourne Central was heaving with people of all ages including younger shoppers lining up outside some stores. Walked through DJs and hardly a person around apart from the staff. They lost their course years ago when ignoring what interests younger people.
There has been no staff for years in DJs . Awful service, no staff , no wonder nobody has shopped there in years. Private equity was the bullet that ended the sick retail business that was David Jones .
David Jones goes into administration, with store closures expected and thousands of jobs at risk I don't mind that they haven't paid Westfields (they're part of the larger problem), but I hope they've paid their staff and have enough to cover super, redundancies, etc.
If they’re not paying their rent, staff are unlikely to be paid their full employee entitlements.
A bigger concern is that in many places they’re the only anchor store in town, so in shutting down they actually risk taking the entire commercial district with them (such is the case in Wollongong)
Remember when DJs was soo smartly decked out in every respect , and what a delight it was if only just to visit.
I love DJ’s. Elegant and fabulous in the 1980’s and it was fun to just walk around and “window shop”. Truth be known I’ve spent a lot there, it was my fantasyland. My hope is that it keeps stores in the cbd, instead of totally going under. It was Australia’s answer to Harrods and Printemps. 😢