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RETAIL / FASHION
20 JAN 2020 BY: SHOPCRED
Jeanswest has announced they are entering into voluntary administration appointing KPMG as the administrators of all retail operations in Australia. This announcement by Jeanswest follows a turbulent year for Australian retailers with numerous loved brands following a similar path of collapse.
Jeanswest left in excess of 900+ jobs and 140+ stores in doubt of continuing. Over the past year brands including Harris Scarfe - one of Australias largest department stores, EB Games an institution for gamers, McWilliams Wines - one of the largest wineries and in operation for over 125+ years, Curious Planet - formerly known as Australian Geographic, Ed Harry - menswear retailer, Napoleon Perdis - the once king of an international beauty empire, Karen Miller - women's fashion retailer and other once-unstoppable retail favourites entered into difficult times.
STORES THAT WILL LIKELY FACE CLOSURE
Following the announcement, KPMG voluntary administrators - Peter Gothard and James Stewart have purportedly advised that 37 stores will close and 263 employees made redundant. Meanwhile, the business will undergo a restructure with an eventual campaign to sell the remaining business.
NSW STORES TO CLOSE IN
Stores closing include those in Blacktown, Castle Towers, Charlestown, East Gardens, Kotara, Lismore, Macarthur, Singleton, Shellharbour, Tweed City and Wetherill Park.
QLD STORES TO CLOSE IN
Stores closing include those in Burleigh, Castletown, Chermside, Earlville, Maroochydore and Myer Center.
WA STORES TO CLOSE IN
Stores closing include those in Carousel, Centerpoint, Karrinyup, Mandurah, Mirabooka and Rockingham.
SA STORES TO CLOSE IN
Marion, Castle Plaza, West Lakes,
Additionally, stores in Hobart, Tasmania and Doncaster, Eastland, Echuca, Forest Hill, Karingal Southland, District Docklands and Watergardens to close in Victoria.
This time may present a good opportunity to buy up discount items from the Jeans West Online Store. Shopcred will continue to post deals which come through for Jeanswest along with our other loved brands selling the best denim online - ASOS, The Iconic, Just Jeans, General Pants and Glue Store