David Jones hits record sales after entering voluntary administration

The Australian department store David Jones has achieved record sales and foot traffic days after entering voluntary administration, according to the Daily Mail. The receivers reported that shoppers flocked to the company following its financial collapse. [1]

The Daily Mail reported that the 188-year-old retailer entered voluntary administration and receivership on Thursday. The decision followed a failure to pay rent owed to Scentre Group, the owner of Westfield, which placed the future of 6,000 workers in doubt. As FTMQ News reported earlier, the company entered administration after rent negotiations with its primary landlord broke down, though its 38 physical stores and online platform remain open during operational reviews. [1][9]

Amid the surge in trading, the Daily Mail reported that David Jones updated its refund and exchange rules for shoppers during the administration phase. Under the revised terms, people who bought items before November 7 have 30 days from the purchase date to make requests. [1]

David Jones was founded in 1838 by David Jones, a Welsh merchant. Wikipedia records that it is the oldest department store in the world still operating continuously under its original name. [7][9]