Australia's oldest department store David Jones folds after 188 years

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David Jones, Australia's oldest department store, has collapsed after 188 years in business. The retailer's 38 physical stores and its online site will keep trading while receivers examine the company's operations. The receivership means the future of the brand and its outlets is now being determined by appointed administrators. The article does not provide further details on the causes of the collapse or on any buyers for the business.

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