‘We still have a plan’: David Jones to close 19 stores

The Sydney Morning Herald - Nov 11, 2026

David Jones has told suppliers and staff that half of its stores will close as the receivers in charge of the embattled department store owner attempt to make the business viable again.

Read full article

More News

Nov 11, 2026

‘Significant damage’: Transport minister warns Qantas over AI job cuts

The airline will send 850 back office jobs, “mostly” to India, through professional services firm Accenture.

Nov 11, 2026

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

Nov 11, 2026

Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.

Nov 11, 2026

I can tell you why Qantas sent 850 jobs to India in just two words

When bonuses are tied to profits, company leaders make short-term decisions that benefit themselves.

Nov 11, 2026

CBA’s late mortgage payments tick up as interest rate rises bite

Data from the Commonwealth Bank of Australia attributed the small increase in the number of people struggling to inflation and rising interest rates.

Nov 11, 2026

Capability X takes AI brains to the industrial jungle

Perth AI developer Capability X is heading to the ASX with $12 million in the bank and multiple devices deployed, using technology to target industrial safety and automation.

Nov 10, 2026

Gold miners lead ASX lower as Wall Street slumps on inflation report

The Australian sharemarket has ticked lower in early trade, tracking losses on Wall Street after a report showed US inflation was worse than expected last month, fuelling interest rate concerns.

Nov 10, 2026

The midterm message to Trump and Albanese: Fix the economy to keep your job

What can governments do about cost of living? Nothing that is quick or painless.

Nov 10, 2026

Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too

Ben Nothling, a sixth-generation descendant of the Welsh entrepreneur David Jones, owns a shoe business. He’s owed $130,000 by the collapsed retailer.

Nov 10, 2026

Who is Alice Huang? The suspected Chinese spy at the centre of the Nvidia scandal

At the heart of the controversy surrounding one of the world’s biggest companies is a former television journalist suspected of spying for the Chinese government.