logo
Receive the latest mybusiness news
SUBSCRIBE TO OUR NEWSLETTER
Copyright © 2020 MOMENTUMMEDIA

Menswear retailer Roger David collapses

Adam Zuchetti
Adam Zuchetti
18 October 2018 1 minute readShare
Roger David store

Retail failures continue to make headlines in Australia, with high-profile menswear retailer Roger David the latest to call in the administrators – with no hope of resurrection.

In a statement, administrators Craig Shepard and Leanne Chesser of KordaMentha confirmed they have been appointed voluntary administrators of the business.

They said that Roger David’s network of 57 stores would immediately begin closing down sales.

Advertisement
Advertisement

Mr Shepard blamed the high-cost, high-competition environment facing all Australian retailers as the cause for the company’s demise.

“Roger David, like many other fashion retailers, has been buffeted by global competition, stagnant sales and rising fixed costs,” Mr Shepard said.

 

“The company has been exploring all options, including a sale of the business, but has been unable to find an alternative to administration.”

On its website, Roger David has already begun advertising its closing down sale with “50 per cent off everything!”

It marks a sad end for the 76-year-old retailer. At its peak, Roger David had over 100 stores nationwide, and sold a range of men’s formal wear, casual wear, shoes and accessories.

The company has stores right across the country except for the Northern Territory. Media reports suggest it currently employs 300 people.

SPONSORED CONTENT

 

Menswear retailer Roger David collapses
mybusiness logo
Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

Leave a Comment

 

Latest poll

How satisfied are you with the SME measures in the federal budget?