Luxury Brands Leave David Jones | Ryf Quail & Ngai Yuen Low
Luxury brands are pulling out of David Jones as the 100-year-old department store fights for relevance. Ryf Quail and Ngai Yuen Low, co-hosts of Five Things Friday APAC, explain what it means for luxury retail in Australia and Asia.
David Jones sales fell 8.7% to A$2bn in the year to June 2025, with a A$95.5m pre-tax loss, per accounts lodged with ASIC. The chain is down to 38 department stores, and reports now say it may close more than half. Also this week: Asian brands winning attention with mystery names, Hong Kong malls swapping fashion for sportswear and bags, and Rolex sitting…
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