It is increasingly clear that Anchorage underestimated how deep the structural challenges ran, and how quickly Australians would change their shopping habits.
Many Australians feel a pang of sadness at David Jones’ fall from glory, even if that affection owes far more to nostalgia than to their modern shopping habits.
The 188-year-old business will close half of its stores by the end of the year, in a significant restructure that receivers hope can help the retailer trade its way out of collapse.
Gift articles to anyone you choose each month when you subscribe.
Compare how 4 other independent news outlets reported on this story.
The Australian department store giant with an iconic past faces an uncertain future.
The Australian department store giant with an iconic past faces an uncertain future.
After 188 years, David Jones announced it would close 19 stores, most of them in Sydney's outer suburbs.
See the full list of store closures.
