Union warns of potential job losses as David Jones considers closing up to half its stores
The SDA union says thousands of David Jones employees could face redundancies as the retailer explores extensive store closures and seeks rent concessions.
The Shop, Distributive and Allied Employees’ Association (SDA) said it is preparing for possible mass redundancies after David Jones indicated it may close as many as half of its 38 stores. The union’s national secretary Gerard Dwyer described the retailer’s situation as "alarming" and said its priority is to keep as many workers employed and protect their legal and financial entitlements.
David Jones’ 2025 financial report showed sales fell to $2 billion and losses exceeded $95 million, with a total workforce of 5,652 employees. The 2024 David Jones Enterprise Agreement covers 4,644 staff, excluding executives and warehouse personnel.
Owner Anchorage Capital confirmed it is in intense negotiations with landlords, including Westfield-owner Scentre, about the retailer’s future, with a likely plan that involves significant store closures by Christmas. Suppliers have begun tightening payment terms, and would become unsecured creditors if the company entered administration.
Distressed-business lender Hilco Capital said it has provided additional funding to help David Jones increase stock ahead of the busy Christmas period, and affirmed its continued support for the business.
David Jones declined to comment, but sources close to the company said operations remain normal and that gift cards and David Jones Rewards are still redeemable.