David Jones to close half its stores, mass job losses under urgent restructure

David Jones, Australia's oldest department store, will close half its 38 stores under an urgent restructure by receivers FTI Consulting, following voluntary administration last week. The move signals continued distress in Australian brick-and-mortar retail, with over 6,000 staff affected. The scale of closures and job losses is uncertain, but the development underscores structural decline in the sector.

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