MENSWEAR retailer Roger David’s stores will be shut down after the struggling business failed to attract a buyer in the face of fierce competition from international and online rivals.
The 76-year-old chain’s 57 stores — including two in WA — are now in the hands of administrators KordaMentha, which has started a nationwide closing down sale to clear stock and raise as much money as possible for employees and other creditors.
The stores will operate through the Christmas retail period and gift cards will be honoured for the next month.
“Despite the directors’ best efforts with the business, it simply could not compete with the influx of multinational retailers and the rapid, global evolution of online shopping,” Roger David directors said in a statement on Thursday.
Administrator Craig Shepard said stock would be marked down to clear.