New Zealand's only David Jones store to close

The sole David Jones store in New Zealand is to close.The shop at Newmarket in Auckland is one of 19 stores of the iconic Australian department store that will shut.The receivers say the stores will remain open for now as consultation with staff is done, but they are expected to shut by the end of the year.The closures were regrettable but unavoidable if David Jones was to survive as a viable business with a future, they said.The group was put into receivership and administration two weeks ago after the company could not negotiate a deal with its major landlord, the Westfield mall owners.