00:02DJ still looks and sounds a lot like Christmas.
00:09But way up high, the shelves are being stripped.
00:13News the iconic department store was plunged into receivership, reverberating all the way to France,
00:20with more shoeboxes than high heels at Louboutin and Valentino shoes gone.
00:25But while luxury labels can pull their stock, local brands here are devastated.
00:32It hurts and it does affect everything that we do. It's been a tough year.
00:38Small Business Basis says that they haven't been paid for accessories delivered in April,
00:44while this mum and dad business is owed $75,000.
00:48It's really stressful. We really don't know what it's going to look like.
00:51We are, yeah, quite frankly, really nervous.
00:54Insolvency experts say that the supplier's best hopes of clawing back cash is a rescue package.
01:00I think someone's going to buy the business. I think it's a really beloved Australian business.
01:04My money is on that David Jones as a brand will survive.
01:07But with dozens of stores tipped to close, it will be a drastically slimmed down operation with 6,000 jobs
01:14at risk.
01:14A messy process that receivers say could take almost to Christmas.
01:19We've heard of shoppers that are going into David Jones to spend their gift cards,
01:23clearly out of fear that they soon will be worthless.
01:26We've also heard that David Jones itself has stopped selling gift cards in another sign that this retailer's future is
01:33not secured.
01:35TJ's can't go. If it goes, what have we got?
01:38A sign of the times.
