In short:

Jeanswest will close more than 90 stores in Australia, putting hundreds of people out of work due to tough retail trading conditions.

The brand is the latest local retailer to collapse, after the parent company behind Rivers, Katies and Rockmans entered administration last year.

What's next?

Stock at Jeanswest stores will go on sale immediately as administrators look at ways to restructure the business to focus on online retail.

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[–] Gibsonhasafluffybutt@aussie.zone 2 points 6 days ago* (last edited 6 days ago) (1 children)

Have you never worked for a corporation?

I just watched 20 people resign and it benefited the "trusted" executive leader who pretended like they were so heartbroken about it....

[–] Ilovethebomb@lemm.ee 1 points 6 days ago

Cool.

We're talking about the Australian federal government here though.