Roger David to shut all stores in weeks

Irving Hamilton
November 17, 2018

Embattled menswear retailer Roger David is set to close its 57 stores within weeks after a four-week buyer search reaped no results.

Administrator KordaMentha says the retail clothing environment is just too tough.

It's a sad day for menswear chain Roger David, with the clothing company announcing all of its stores will be closed down before Christmas.

The closure will impact 300 full-time employees and nearly 200 casual and part-time workers.

A "closing down" sale has begun, and the retailer is already offering 60 per cent off.

There was "some interest" from potential buyers, according to KordaMentha administrator Craig Shepard.

Bad Weather Delays Wallops Rocket Launch to Friday
It has a payload of around 75-hundred pounds including science experiments and supplies for the space station. That same dismal weather forecast led mission managers to push the launch back another day.

"Roger David was a victim of rising fixed costs, fierce competition from online and global competitors and cautious consumer demand", Mr Shepard said.

Iconic fashion brand Esprit also ceased trading in this country, and New Zealand, earlier this year, when all 67 of their remaining stores were shut down due to poor performance compared to other stores around the globe, particularly in Asia. The business was placed in Voluntary Administration on October 18.

"The employees and customers have been remarkable in the past four weeks to help provide the company with cash flow to help pay entitlements and creditors", Shephard added.

Founded in 1942, Roger David has been dressing Australian men in tailored suits and shirts, and accessories for more than seven decades.

Roger David's fall comes in the same week as Amazon Australia pushed into the fashion sector.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Other reports by

Discuss This Article