Thursday, January 16, 2020

...and another one bites the dust - JeansWest calls in administrators

 with the future of its 146 stores uncertain.

The company employs 988 staff in stores across all states and territories — including 40 stores in New South Wales, 32 stores in Victoria, 28 in Queensland and 23 in Western Australia.

Administrators from KPMG have been appointed and say Jeanswest will continue to operate as they consider "all options for the restructure or sale" of the business.

"Like many other retailers, the business has been challenged by current tough market conditions and pressure from online competition," said James Stewart from KPMG.

Jeanswest opened its first store in Perth in 1972 and expanded to the east coast.

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