ECHUCA'S Jeanswest will close but Bendigo's has survived a mass restructure that has seen 37 of its 146 stores axed.
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Ballarat's store has also been spared.
The company went into voluntary administration last week and confirmed today which stores would close, as well as 263 employees who will be made redundant.
KPMG voluntary administrators Peter Gothard and James Stewart said the decision to restructure the business was a "difficult but necessary one" taken in order to provide the business with the best possible chance of attracting a new owner.
"The decision to proactively restructure the business early in the administration process has not been taken lightly," said Mr Stewart.
Most of the Victorian stores slated for closure fall within the Melbourne area.
Mr Stewart said they are mindful of the impact on staff, but work must be also done to give the business the "best chance to continue".
The full list of stores to close:
- Blacktown Store NSW
- Burleigh Store QLD
- Carousel Store WA
- Castle Plaza Store SA
- Castle Towers Store NSW
- Castletown Store QLD
- Centrepoint Store WA
- Charlestown Store NSW
- Chermside Store QLD
- Doncaster Store VIC
- Earlville Store QLD
- East Gardens Store NSW
- Eastlands Store VIC
- Echuca Store VIC
- Forest Hill Store VIC
- Hobart City Store TAS
- Karingal Store VIC
- Karrinyup Store WA
- Kotara Store NSW
- Lismore Store QLD
- Macarthur Store NSW
- Mandurah Store WA
- Marion (New) SA
- Maroochydore Store QLD
- Mirabooka Store WA
- Miranda Store NSW
- Myer Centre Store QLD
- Rockingham Store WA
- Rosebud Store VIC
- Shell Harbour Store NSW
- Singleton Store NSW
- Southland Store VIC
- The District Docklands VIC
- Tweed City Store NSW
- Watergardens Store VIC
- West Lakes Store SA
- Wetherill Park Store NSW
A creditor's meeting will be held in Melbourne on Tuesday, January 28 at 11am.
- Ballarat Courier
