David Jones to Close Up to Half Its Stores, Union Warns of Job Losses
The union representing thousands of David Jones employees is bracing for a wave of job losses after the troubled department‑store chain announced it will close up to half of its locations.
KMD Brands, owner of Rip Curl and Kathmandu, in exclusive talks with US retail giant
KMD Brands, the parent of Rip Curl and Kathmandu, confirmed on Monday it is in exclusive…
While the exact number of stores has not been disclosed, the plan to shutter roughly fifty percent of the network has sent shockwaves through the retail industry, prompting analysts to label the move a "retail apocalypse of its own making."
Union officials say they are preparing contingency measures for affected staff, though details of those measures remain under discussion.
The announcement underscores the challenges facing traditional retailers in a market increasingly dominated by digital shopping and shifting consumer habits.
KMD Brands, owner of Rip Curl and Kathmandu, in exclusive talks with US retail giant
KMD Brands, the parent of Rip Curl and Kathmandu, confirmed on Monday it is in exclusive discussions with an unnamed US consumer brand gro…