bp, David Jones split

David Jones sold its Elizabeth Street, Sydney, store last December.

David Jones has ended its food hall partnership with bp after two years.

The pair operated 35 dual branded service stations.

It initially teamed for 10, converting 20 more last July, including at Sydney’s Ashfield, Mosman and Willoughby, and in Melbourne’s Eltham, Epping and Kings Way.

The petrol stations will now be rebranded bp.

The decision will reduce costs and enhance overall business performance, a David Jones statement said.

In March, the retailer confirmed it would shut three Melbourne food halls – at Malvern Central, the CBD and South Yarra’s Capitol Grand – the latter after only 18 months (story continues below).

Roy Bagattini, group chief executive of Woolworths Holdings – the retailer’s parent – suggested the bp split could happen last year, indicating upon announcing results that the partnership wasn’t delivering profits fast enough.

Closures follow property sell-down

Food halls will continue to trade at Sydney’s Elizabeth St – a property the retailer divested six months ago to Charter Hall – and Bondi Junction.

David Jones also plans to shut its Melbourne menswear store in 2022 – a year after selling the property (299 Bourke St) to Newmark Capital.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.