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Economy · Impact 2 Notable

Australian retailer David Jones enters receivership after 188 years

· ≈ Sydney, Australia · single source so far

Australia's oldest department store has collapsed into receivership. Its 38 physical stores and online sites will keep trading while receivers review operations.

Location
≈ Sydney, Australia · Australia live map
Coordinates
≈ 33.87°S 151.21°E
Reported
5 Nov 2026, 00:09 UTC
Category
Economy
Impact
2 of 5 · Notable
Situation
Australia economy
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▲ Escalating

David Jones enters receivership after 188 years as rates hit highest since 2008

Australia's oldest department store, David Jones, entered receivership, with news emerging on Thursday. Its 38 physical stores and online sites will keep trading while receivers review operations. On Tuesday the Reserve Bank of Australia raised its cash rate to 4.85%, its fifth hike this year, citing the global oil shock from the Middle East war.

  • David Jones has collapsed into receivership; its 38 stores and online sites continue to trade during the review.
  • The RBA lifted its cash rate from 4.6% to 4.85%, the highest since 2008, to curb inflation of 4.3% in the year to September.
  • Before the decision, NSW premier Chris Minns warned that a rate rise would cause job losses and shop closures, and urged federal and state governments to cut spending.
Updated 5 Nov 2026, 00:49 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

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