David Jones To Shut Stores As Sales Plunge
David Jones is feeling the pinch of COVID-19, with the retail giant revealing sales in its stores had fallen 35.8 per cent across March and April.
The company will now be closing and selling some of its 48 locations around the country to reduce the debt pile.
David Jones’ South African-based parent company Woolworths Holdings alerted investors of the upcoming changes on Wednesday afternoon.
COVID-19 has had a significant impact on (customer) foot traffic and store sales,” the company said.
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