Claims extracted
17
sentences that state something as happening or true
Uncertain
6%
1 of 17 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
68/100
ABC News (AU)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Iconic department store David Jones is being forced to defend its future viability, as the Australian retailer faces speculation about store closures and misses a crucial filing deadline.
asserted
retailer → force → deadline
The department store's key lender has already chipped in extra cash before Christmas to allow David Jones to stock up before the busy festive season.
asserted
Jones → chip → season
Hilco Capital would not confirm the amount but the ABC understands it to be around $10 million.
asserted
it → confirm → amount
Do you know more?
asserted
you → know → more
Email our journalist on terzon.emilia@abc.net.au or em.terzon@proton.me
"Hilco remains supportive of the business and any inference otherwise is false," the lender said in a statement.
asserted
lender → email → statement
The ABC has confirmed that David Jones just missed a deadline to file its most recent financial year reports to the corporate regulator, ASIC.
asserted
Jones → confirm → regulator
Meanwhile, there is ongoing media speculation that the retailer is going to call it quits on several stores inside Westfield shopping centres.
asserted
retailer → be → centres
It currently has 38 stores nationally.
asserted
It → have → stores
David Jones is owned by private equity firm, Anchorage Capital Partners.
asserted
Jones → own → firm
A spokesperson for that Australian firm said it would not comment on "speculation".
asserted
it → say → speculation
But they noted David Jones was reviewing its store network and was in discussion with "stakeholders" to put itself "on a viable financial footing".
asserted
Jones → note → footing
A key union that represents retail workers, Shop, Distributive and Allied Employees Association (SDA), said it was reaching out to workers at David Jones informing them of their rights if the retailer went under.
asserted
retailer → represent → rights
"The reports of David Jones' predicament are alarming," the SDA noted in a statement.
asserted
SDA → note → statement
It is understood at least one major fashion brand has pulled some of its stock from David Jones, amid concerns the retailer could not pay its bills.
uncertain
retailer → understand → bills
Suppliers have also already been put on extended terms this year, to give David Jones more time to pay for stock.
asserted
Suppliers → put → stock
David Jones was first founded as a corner shop in Australia in 1838 and today has multi-level department stores across Australia that sell everything from cosmetics to shoes and fashion.
asserted
that → found → shoes
Its main rival is the ASX-listed Myer, which early last year voted to merge with Solomon Lew's apparel brands, Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E.
That merger was billed as a way for Myer to keep relevant in a changing retail landscape, where younger generations are increasingly shopping online or opting for second-hand apps like Depop.
asserted
generations → list → Depop
The Aporia
