David Jones owes suppliers $100m amid 'record' sales - Herald Sun

David Jones Sale | Major Retailer Faces Financial Strain | Big Store Closure Rumours Surface | Australian Fashion Retailer Deals With Debt

retailer facing financial pressure | shoppers making numerous visits | staff restocking goods | prices have been lowered | potential interest from buyers | outstanding supplier payments increase | advice sought from former official | retail chain sees wild moments | struggling with substantial debt | sales have recently been record level | stores see high foot traffic | inventory at reduced rates | debt totals significant figure | situation unfolding currently

“retailer facing financial pressure | shoppers making numerous visits | staff restocking goods | prices have been lowered | potential interest from buyers | outstanding supplier ,” — Simone Whitfield, research director at Greycroft Worth Solutions, added during the briefing.

Reader Poll: Has this affected your local community? — 55% of Frestrocreativelab readers said yes.

This story has been closely followed by our readers since Nov 7. The Greycroft Worth Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Friday, Nov 13.

ICYMI: Brad Pitt explores Hollywood's underworld in new thriller

Editor's note: this report was prepared by the Greycroft Worth Solutions desk and last updated 21:53 UTC.

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