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David Jones in administration: What happens next?

SBS News Australia •
November 05, 2026 • 07:30 AM
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David Jones faces an uncertain future. What does its collapse into administration mean for shoppers, gift cards and the broader industry?

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After 188 years, iconic Australian retailer David Jones has entered voluntary administration, raising questions about its survival, the future of department stores and what it means for shoppers ahead of the Christmas sales. SBS Finance Editor Ricardo Gonçalves speaks with Professor Gary Mortimer from Queensland University's Faculty of Business and Law. Plus, Heath Moss from HLM Investments explains why the ASX200 surged 2.6 per cent following the US mid-term elections, as oil prices plunged and NextDC shares soared.

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money , and follow the show on the SBS Audio app , Apple Podcasts , Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube , TikTok , Instagram , Facebook and X .

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Same Story from Other Publications

Compare how 4 other independent news outlets reported on this story.

4 Publications
The Australian Financial Review (AFR)
5d ago
David Jones’ unpaid bills rise to $100m as prospective owners circle

David Jones’ unpaid bills rise to $100m as prospective owners circle

Administrators who took control of the stricken retailer last week say there has already been “an extraordinary level” of interest from potential buyers.

ABC News Australia
5d ago
There is no other store like David Jones and this might be the reason why

There is no other store like David Jones and this might be the reason why

David Jones has survived two world wars, the invention of the car and the discounting boom. As luxury perfumes wafted through the stores that inspired its houndstooth trademark, did it lose the service that made it like no other store.

Sydney Morning Herald (SMH)
6d ago
Christmas traditions in doubt in face of David Jones collapse

Christmas traditions in doubt in face of David Jones collapse

The struggling retailer is suspending gift-card sales as families flock to book photos with Santa amid uncertainty about the future.

The Age
6d ago
As David Jones teeters, two new Chris Lucas eateries aim to revive Melbourne’s midtown

As David Jones teeters, two new Chris Lucas eateries aim to revive Melbourne’s midtown

A new office building in Bourke Street will feature two venues run by the renowned restaurateur.

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