David Jones’ only NZ store earmarked for closure in major restructure

Résumé détaillé

New Zealand’s only David Jones store, at Westfield Newmarket, is earmarked to close by the end of 2026 as part of a major restructure of the department store chain. Receivers have…

New Zealand’s only David Jones store, at Westfield Newmarket, is earmarked to close by the end of 2026 as part of a major restructure of the department store chain.

Receivers have begun consulting staff over the proposed closure of 19 stores across Australia and New Zealand.

David Jones was placed into voluntary administration and receivership last week after a breakdown in discussions between the company and landlords.

The 188-year-old business employs more than 6000 staff across its 38 stores in Australia and New Zealand, and has had its Newmarket location since 2019.

Receivers Christopher Hill, David McGrath and Joanne Dunn of FTI Consulting confirmed in a statement they had made the “difficult decision to proceed with an urgent restructure of the business”.

“As part of this restructure, the receivers have commenced an immediate consultation process for all staff associated with 19 stores that have been identified for closure,” the statement said.

“For the immediate term these stores will continue trading and while there is no final date for the closures, we anticipate they will cease trading by the end of the year.”

David Jones staff were informed today, with the consultation period continuing over the next seven days.

The receivers said they recognised the restructure would have a “material impact” on many members of its team, and committed to treating all employees with fairness and respect throughout the process.

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