David Jones' owner drops value by $437m, says Australian retail "in recession"

South Africa’s Woolworths Holdings has written down the value of its David Jones business, declaring that the Australian retail sector is in recession.

David Jones Spring/Summer collection launch

Guests gathered at David Jones Adelaide Central Plaza to celebrate the launch of the store’s Spring/Summer collection.

Myer shares gain after DJs takeover talk

David Jones’s parent company says rumours that it is considering acquiring Myer are baseless.

Retail downturn forces David Jones writedown

David Jones’s South African owner Woolworths will take a $713 million writedown on the value of the department store chain as Australia’s tough retail market bites harder into the business.

David Jones Westfield West Lakes launch

David Jones recently celebrated the opening of its new Westfield West Lakes store.