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David Jones to shut dozens of loss-making stores across Australia - as expert warns it has been in trouble for 'some time'

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Cite

Stevens, K., & Hynds, J. (2026, November 2). David Jones to shut dozens of loss-making stores across Australia - as expert warns it has been in trouble for 'some time'. Daily Mail. https://www.dailymail.com/news/article-16260159/david-jones-stores-closure-review-accounts-delayed.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Dated from the outlet's own feed. Check the original for its byline.

Daily Mail · collected 2026-11-02 · by Kylie Stevens, Joanna Hynds

Quick Summary

David Jones is planning to close dozens of its loss-making stores across Australia, including five locations within Westfield shopping centers in major cities like Perth, Sydney, Canberra, and Melbourne. The company, which currently operates 38 stores across Australia and New Zealand, aims to reduce this number to between 12 and 20 stores. Retail expert Barry Urquhart warns that David Jones has been struggling for a significant period and predicts the retailer's demise in the near future due to declining sales and financial pressures exacerbated by the COVID-19 pandemic.
Written by AI on 2026-11-03, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

As of November 3, 2026, David Jones, an iconic Australian department store chain, is set to close dozens of its stores across Australia as part of a review aimed at reducing its national footprint. The retailer currently operates 38 stores in Australia and New Zealand but plans to reduce this number to between 12 and 20 locations. Specifically, five loss-making stores located in Westfield shopping centers in Perth, Sydney, Canberra, and Melbourne are under consideration for closure.

The company's financial troubles have escalated, with sales declining to $2 billion and losses increasing to more than $95 million in the 2025 fiscal year. The union representing David Jones employees, the Shop, Distributive and Allied Employees’ Association (SDA), is concerned about potential job losses, as thousands of workers could be affected if the retailer goes into administration. The SDA has prioritized protecting employee entitlements and ensuring that as many workers as possible remain employed.

Meanwhile, distressed business lender Hilco Capital has provided funding to David Jones to help it through critical sales periods like Black Friday and December, indicating ongoing financial struggles for the retailer.

Written for “David Jones Store Closures Announced” on 2026-11-03, grounded in this article and the 1 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 124269 · logged 2026-11-03

Story

📰 David Jones Store Closures Announced
Economy/Business · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 20% of its claims. Each row says how that neighbour differs.
The Sydney Morning Herald
Hedges 1 of 14 claims Outlet record 61/100
ABC News (AU)
Hedges 1 of 17 claims Outlet record 68/100
“The articles discuss different aspects of David Jones' financial situation, with Article A focusing on planned store closures and a filing deadline issue, while Article B emphasizes additional funding from Hilco Capital before Christmas.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
10
sentences that state something as happening or true
Uncertain
20%
2 of 10 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
69/100
Daily Mail's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-03 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Daily Mail · 8973 article(s) · 22 correction(s) detected
Running correction rate · 22 correction(s)

Who wrote this

Kylie Stevens
62 article(s) here · 1 carrying a prediction
🔮 Dozens of David Jones stores across Australia are set to be closed, including five locations in Westfield shopping centres, as the retailer reviews its national footprint.
🔮 Canberra retiree Anne Meade, 79, delivered the blunt advice ahead of an expected Melbourne Cup Day interest rate rise that could push home ownership further out of reach.
🔮 Pictured are One Nation leader Pauline Hanson and MP Barnaby Joyce Primary Minister Anthony Albanese will spend the week mingling with world leaders in the Caribbean as millions of Australian mortgage-holders brace for more interest rate pain
🔮 'I was under the assumption that it was a fun, harmless party drug that would give you a 30-second high and then you would feel normal again,' he told the Daily Mail.
🔮 He is expected to face court later on Thursday.
🔮 Nugent's case will return to Wangaratta Local Court on February 4 for a committal mention hearing.
🔮 'Police are in the process of contacting those potentially impacted by the alleged offending and expect to identify further alleged victims.' 'Working through this process is expected to take some time.
🔮 The One Nation MP said his former wife, Natalie Abberfield, is among more than 12,000 customers whose funds were wiped out after the First Guardian and Shield Master Funds collapsed in May 2024, owing about $1.2billion.
🔮 Another witness added: 'I went out into the foyer and saw the guy who was shot in the stomach, and there was blood everywhere.' Logan mayor Jon Raven revealed on Monday that the young woman now fighting for her life had been a competitor preparing for her bout. 'What we've seen from the people in Logan is a huge amount of compassion that's been pouring out for the people who are injured in this, but especially that young woman,' he told the Today show.
Also by Kylie Stevens
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 62 articles by Kylie Stevens →
Joanna Hynds
56 article(s) here · 1 carrying a prediction
🔮 The death was not being treated as suspicious and a report would be prepared for the coroner.
🔮 Dozens of David Jones stores across Australia are set to be closed, including five locations in Westfield shopping centres, as the retailer reviews its national footprint.
🔮 That is just one of the areas in which we will put forward changes, that requires discussions and I will be meeting with Prime Minister Andy Burnham.'
🔮 'A grocery shop would cost us at least $150 in Australia, but here we can go to a local market and pay around $15 to $20 and stock up the fridge,' he added.
🔮 'We have not stopped and we will not stop until these people are identified and taken into custody.'
🔮 She claimed the display would not be allowed to continue beyond this year if she didn't go through the council permit process.
🔮 The move follows warnings that Labor’s proposed cuts to working holiday visas could worsen staff shortages and deal a major blow to regional economies.
🔮 Footage has emerged showing the man accused of driving into Independent MP Dr Helen Haines telling police they would have to shoot him during a confrontation four years ago.
🔮 ' Her staff hope to reopen electorate offices in Wangaratta and Wodonga on Thursday, while acknowledging that recovery will take time.
🔮 On May 12, 2023, police searched Warrell Creek at Macksville on the Mid North Coast where they found the man's body hidden inside a large metal cabinet.
Also by Joanna Hynds
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 56 articles by Joanna Hynds →

Topics

Australia David Jones New Zealand PwC Westfield

Subjects

David Jones ORG · 6× Australia GPE · 3× Westfield GPE · 2× ASIC ORG · 1× Carousel GPE · 1× New Zealand GPE · 1× Perth GPE · 1× PwC ORG · 1× The Australian Financial Review ORG · 1× the Australian Securities and Investments Commission ORG · 1×

Narrative

David Jones last week confirmed that a review of its Australian store portfolio and trading terms with suppliers and brand partners was underway, amid grim warnings from a reatil 'The inevitability is we will not be seeing David Jones around in the very near future,' Barry Urquhart, managing director of Marketing Focus, said.
framing: assertive · carried by 1 article(s) · first seen 2026-11-03
🔮 Dozens of David Jones stores across Australia are set to be closed, including five locations in Westfield shopping centres, as the retailer reviews its national footprint.

Claims (10 extracted, 2 hedged)

Dozens of David Jones stores across Australia are set to be closed, including five locations in Westfield shopping centres, as the retailer reviews its national footprint. asserted
retailer → set → footprint
It is understood the retail giant, which operates 38 stores across Australia and New Zealand, is seeking to reduce its numbers to between 12 and 20. asserted
which → understand → 12
The auditor, PwC, had yet to sign off on accounts, which were required to be lodged with the Australian Securities and Investments Commission (ASIC) by October 30, according to The Australian Financial Review. uncertain
which → have → Review
The retailer is also reviewing five reportedly loss-making stores at Westfield shopping centres in Carousel, Perth; Parramatta and Hornsby in Sydney; Woden in Canberra; and Southland in Melbourne. uncertain
retailer → review → Melbourne
The Daily Mail has contacted David Jones for comment. asserted
Mail → contact → comment
David Jones last week confirmed that a review of its Australian store portfolio and trading terms with suppliers and brand partners was underway, amid grim warnings from a reatil 'The inevitability is we will not be seeing David Jones around in the very near future,' Barry Urquhart, managing director of Marketing Focus, said. asserted
Urquhart → confirm → Focus
He argued that the decline in the giant's reported sale value reflected the extent of its problems, adding that the retailer had 'been in trouble for some time'. asserted
retailer → argue → time
South Africa's Woolworths Holdings bought David Jones for about $2.1billion in 2014 before completing the reported $100million sale of its operating business to Anchorage Capital Partners in 2023. asserted
Holdings → buy → 2023
Mr Urquhart also identified the Covid pandemic as a major turning point, with widespread closures placing significant pressure on retailers. asserted
closures → identify → retailers
'With the onset of the Covid-19 pandemic in February 2020, a lot of communities, towns, businesses closed down and therefore that had a huge impact on cash flows, debt levels,' he said. asserted
he → close → flows
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