The upmarket retail giant confirmed today it will slash 30 jobs from its Melbourne head office, and another 90 from its regional and suburban stores as it seeks to slim down amid a changing retail landscape.David Jones is cutting 120 jobs around Australia.
A spokesperson said the redundancies were a small percentage of the company's 14,000-strong workforce. "These changes will not impact our customer experience in any way and are primarily focused on a limited number of stores, where we have plans to optimise and change our offering including through right-sizing store footprints and more focused store curation," the spokesperson said.
David Jones - which was bought by South Africa's Woolworths Holdings in 2014 for $2.2 billion - has endured a tough few years, including a writedown of $712.5 million in 2018 due to the economic challenges facing the retail industry, and intense competition and promotions by rivals. Former chief executive David Thomas resigned in February after just 18 months in the role, citing personal reasons.
wow do they actually employ more than 30 ppl in its head office? What do they do