David Jones to close 19 stores in receivers' survival plan

The receivers say the closures are unavoidable if the Australian department store chain is to remain viable.

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19 David Jones stores to close; Pedestrian hit and trapped under car | 9 News Australia

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Press to jump

0:26FTI Consulting says closing 19 David Jones stores is unavoidable if the business is to remain viable.
2:36The bulletin reports that a pedestrian was struck and trapped beneath a car in Balmain.
2:58Remembrance Day coverage includes Canberra's national service and comments from Prime Minister Anthony Albanese overseas.
4:51Home-loan approvals have fallen sharply; Denita Wawn argues that insufficient housing supply drives the affordability problem.
6:25The court report covers Beau Lamarre-Condon's denial of fabricating evidence in matters preceding a double-murder case.
8:43The US report says Thomas Markle Sr. was re-arrested after allegedly cutting off his ankle monitor.

David Jones is to close 19 stores across Australia, with receivers saying the shutdowns are necessary to keep the department store business viable, Australian broadcaster 9 News Australia reports.

Reporting outside a Parramatta store in western Sydney, Madison Scott describes the closures and staff reactions, and relays the explanation from receivers FTI Consulting. They describe the impact as highly regrettable but say the steps cannot be avoided if the chain is to continue trading as a viable business. David Jones dates back to 1838, giving the announcement particular significance for a longstanding name in Australian shopping.

The closures lead Deborah Knight's bulletin, which then turns to Balmain, another Sydney suburb, where the report says a pedestrian was struck by a car and pinned beneath it.

National Remembrance Day coverage follows, including the service at the Australian War Memorial in Canberra. Prime Minister Anthony Albanese speaks from overseas about the anniversary of the guns falling silent in Europe. Former soldier Ben Roberts-Smith and politician Pauline Hanson also appear at a Brisbane ceremony.

Housing provides the bulletin's other substantial economic story. Political editor Charles Croucher reports a sharp fall in home-loan approvals. Housing Minister Clare O'Neil defends the government's emphasis on getting more Australians into home ownership, while Master Builders Australia chief executive Denita Wawn argues that a shortage of homes is at the heart of the affordability problem.

The later reports cover court proceedings involving Beau Lamarre-Condon, including his denial of fabricating evidence in matters preceding a double-murder case. The bulletin also pays tribute to apprentice jockey Izzy Neale following her fatal fall.

US correspondent Lily Greer closes the main sequence with Thomas Markle Sr.'s return to custody in Florida. According to the report, he was re-arrested after allegedly cutting off his ankle monitor.