The upmarket department store giant, now owned by private equity, has hired former Myer executive Nigel Chadwick to take over as it negotiates with brands.

Since David Jones declared that its business had turned the corner, consumer sentiment has fallen off a cliff, and suppliers still await payments.

The upmarket department store giant, now owned by private equity, has hired former Myer executive Nigel Chadwick to take over as it negotiates with brands.