00:01There's ongoing media speculation that the retailer is going to call it quits on a number of its outlets inside
00:08Westfield shopping centres.
00:09David Jones currently has 38 stores nationally, although we don't know which ones could be affected.
00:15The business's key lender, Hilco, has chipped in extra cash to allow DJs to stock up before the festive season.
00:22Hilco won't confirm the amount, but the ABC understands it's some $10 million.
00:26David Jones is owned by private equity firm Anchorage Capital Partners.
00:31A spokesperson for Anchorage said it wouldn't comment on speculation.
00:34The spokesperson, though, noted David Jones was reviewing its store network
00:39and was in discussions with stakeholders to put itself on a viable financial footing.
00:44DJs is the latest Aussie brand to face trouble.
00:47Recently, Sydney-based Kew Clothing and its sister brand, Veronica Main, entered voluntary administration and receivership.
00:53Last year, David Jones' main rival, Mya, merged with Solomon Loo's apparel brands, which owns Just Jean's, JJ's, Portman's, Dottie
01:01and Jackie E.
01:02The merger was billed as a way for Mya to remain relevant in a changing retail space
01:07where young buyers are increasingly purchasing online or through second-hand apps like Depop and Vinted.
01:129, 12, 12, 13, 14, 14, 14, 15, 16, 17, 18, 18, 18, 18, 18, 18, 18, 19, 19, 20,
01:1420, 21, 21, 22, 22, 22, 22, 22, 23, 22, 23, 24, 23, 24, 25, 29, 29, 29, 29, 29,
01:1529.
01:15The merger was billed as a
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