Geopolitics Alpha

David Jones expected to fall into administration after failed 11th hour talks with biggest landlord

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GEOPOLITICS ALPHADavid Jones expected to fall intoadministration after failed 11thhour talks with biggest landlordGEOPOLITICS ALPHA

Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre Group Get our breaking news email , free app or daily news podcast David Jones is poised to fall into administration after 11th-hour talks between its private equity owner and primary landlord broke down, putting the future of the 188-year-old upmarket department store chain at risk. The upheaval follows years of steep losses, weak consumer spending and a string of underperforming stores that left the heritage retailer defaulting on its rent. Continue reading...

Directly affected

  • No company is named in this report.

Indirectly affected

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds retailers. Linked by “retailer” (retail and consumer goods) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+5.7% 30d

    Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “retailer” (retail and consumer goods) in this story.

  • WMT Walmart+19.7% 30d

    Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “retailer” (retail and consumer goods) in this story.

  • AMZN Amazon.com+6.4% 30d

    Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “retailer” (retail and consumer goods) in this story.

  • COST Costco Wholesale+18.6% 30d

    Costco Wholesale (variety stores): retailers move with shopper spending and import costs. Linked by “retailer” (retail and consumer goods) in this story.

  • TGT Target-1.0% 30d

    Target (variety stores): retailers move with shopper spending and import costs. Linked by “retailer” (retail and consumer goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XRT-2.30%-0.06%base+5.53%+2.56%+0.77%+4.47%
XLY-1.73%-1.67%base+4.23%+0.26%+0.19%+3.09%
WMT-4.79%-1.04%base+3.54%+2.32%+0.53%+0.64%
AMZN+1.58%-4.14%base+6.15%+3.96%+3.48%+6.47%
COST-3.61%-0.67%base+2.66%+4.60%+3.35%+4.61%
TGT-3.54%-0.14%base+5.57%+2.26%+2.56%+7.41%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre Group Get our breaking news email , free app or daily news podcast David Jones is poised to fall into administration after…

Source: The Guardian

This story

CompanyWhenMoveStatus
AMZNthat day+6.15%final price
AMZNthe next day+3.96%final price
AMZNtwo days later+3.48%final price
AMZNthree days later+6.47%final price
AMZNthree days earlier-4.14%final price
AMZNfive days earlier+1.58%final price
COSTthat day+2.66%final price
COSTthe next day+4.60%final price
COSTtwo days later+3.35%final price
COSTthree days later+4.61%final price
COSTthree days earlier-0.67%final price
COSTfive days earlier-3.61%final price
TGTthat day+5.57%final price
TGTthe next day+2.26%final price
TGTtwo days later+2.56%final price
TGTthree days later+7.41%final price
TGTthree days earlier-0.14%final price
TGTfive days earlier-3.54%final price
WMTthat day+3.54%final price
WMTthe next day+2.32%final price
WMTtwo days later+0.53%final price
WMTthree days later+0.64%final price
WMTthree days earlier-1.04%final price
WMTfive days earlier-4.79%final price
XLYthat day+4.23%final price
XLYthe next day+0.26%final price
XLYtwo days later+0.19%final price
XLYthree days later+3.09%final price
XLYthree days earlier-1.67%final price
XLYfive days earlier-1.73%final price
XRTthat day+5.53%final price
XRTthe next day+2.56%final price
XRTtwo days later+0.77%final price
XRTthree days later+4.47%final price
XRTthree days earlier-0.06%final price
XRTfive days earlier-2.30%final price

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This story

12 out of 100

“David Jones expected to fall into administration after failed 11th hour talks with biggest landlord” scores 12 out of 100. The score uses 1 sources.