David Jones to close half its stores triggering mass job losses under ‘urgent restructure’
<p>Australia’s oldest department store collapsed into voluntary administration last week after years of steep losses </p><p>David Jones is set to shutter half its department store network, triggering mass job losses under a sweeping restructure, receivers FTI Consulting said on Wednesday.</p><p>David Jones employs more than 6,000 staff across 38 stores.</p>