Macro Finance
Australia Chain David Jones Collapses After Almost 200 Years
Bloomberg Markets·November 4, 2026·1 min read
Australia's oldest department store, David Jones, collapsed on Thursday after nearly 200 years of operation. The retailer succumbed to the digital era as shoppers increasingly turned to cheaper and nimbler online rivals, eroding its customer base and financial viability. The collapse marks the end of a retail icon.
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