What led to the demise of David Jones? | ABC NEWS

Australian retailer David Jones has been placed in administration. The 188-year-old department store's financial collapse was anticipated when key brands started to exit the retailer. Retail analyst Associate Professor Matthew Bailey explains how the department store model has been in decline for decades. He says department stores were designed in a completely different economic and cultural context without the level of competition and online marketplaces we have today. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-0... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel