Australia's Oldest Department Store David Jones Goes Into Receivership
Listen to the story
David Jones is a big shop in Australia. It is 188 years old. It is the oldest department store in Australia.
Now the company has money problems. It has gone into receivership. This means special people now control the company.
These people are called receivers. They will look at the business. They want to check everything about it.
David Jones has 38 physical stores. A physical store is a real shop, not online. All 38 stores will stay open.
The website will also stay open. People can still buy things online. Nothing will close right now.
The receivers will decide what happens next. They will look at the stores and the money. Then they will make a plan.
Vocabulary7 words
- department store
- a big shop that sells many different things
- receivership
- when a company has money problems and special people control it
- receivers
- people who control a company with money problems
- physical stores
- real shops you can walk into
- operate
- to work or be open
- review
- to look at something carefully
- brand
- the name of a company or product
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Quiz
Answer key
1. 188 years 2. It has gone into receivership 3. Yes
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
David Jones is a big shop in _____. It is 188 years old. It is the oldest department store in Australia.
Now the company has money _____. It has gone into receivership. This means special people now control the company.
These people are called _____. They will look at the business. They want to check everything about it.
David Jones has 38 physical _____. All 38 stores will stay open.
The _____ will also stay open. People can still buy things online.
The receivers will decide what happens _____. They will look at the stores and the money.
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