Jeanswest puts thousands of products on sale amid administration
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As the retail landscape continues to shift, another familiar name has been unable to keep up with the changing tides.
However, it's not all doom and gloom for denim lovers and bargain hunters alike, as this came with a silver lining.
Jeanswest, a staple in Australian casual wear for over half a century, recently entered voluntary administration and could close its doors for good.
Last Tuesday, Jeanswest launched a massive sale on 350,000 pieces of stock, valued at over $20 million.
This could be a golden opportunity to snag high-quality denim and other Jeanswest apparel at prices that could make wallets breathe a sigh of relief.
The sale featured 138,000 pairs of jeans and 77,000 units of new clothing and footwear fresh from the warehouse.
Jeanswest's sale is available both in-store and online.
The 53-year-old company, renowned for its denim products, has pivoted to an online-only operation.
With this change, 87 of Jeanswest's brick-and-mortar stores nationwide are set to shut down.
'Everything is reduced, and sales will apply both at retail stores and online. All sales will be final during the closing event,' said one of its current administrators, Lindsay Bainbridge.
The sale is a chance to pick up great deals, and it's also part of the administrator's strategic move to clear stocks, maximise returns for creditors, and prepare the business for its new life.
'We have spoken to all staff and will continue to operate all stores at this stage while we run out the stock,' Bainbridge added.
This highlighted the administrators' commitment to both customers and employees during this transition.
The impact of Jeanswest's closure has extended beyond the company itself.
Gary Mortimer, a retail expert from the Queensland University of Technology, pointed out several impacts of the sale.
'My prediction is that if shoppers are taking advantage of the massive discounts, they then won't be going to Jay Jays or the like, so those brands are exposed to the closure at Jeanswest. There's a knock-on effect,' Mortimer shared.
Jeanswest's closure came as a shock to many.
Their parent company, Harbour Guidance, called in administrators and put about 600 jobs at risk.
Appointed administrators from Pitcher Partners Melbourne stated that the owners had exhausted every option to keep Jeanswest afloat.
However, with the current market conditions, physical stores may be unviable.
While Australian Jeanswest stores are closing soon, three Jeanswest outlets in New Zealand have survived the cull.
So, if you're in need of a wardrobe refresh or can't resist a good deal, act now.
Head to your nearest Jeanswest store or visit their website to take advantage of these incredible discounts.
This may be the last chance to own a piece of a brand that has been a part of Australia's fashion landscape for generations.
Did you buy anything from Jeanswest's massive sale? What are your thoughts on these changes in retail? Share your thoughts and opinions with us in the comments section below!
However, it's not all doom and gloom for denim lovers and bargain hunters alike, as this came with a silver lining.
Jeanswest, a staple in Australian casual wear for over half a century, recently entered voluntary administration and could close its doors for good.
Last Tuesday, Jeanswest launched a massive sale on 350,000 pieces of stock, valued at over $20 million.
This could be a golden opportunity to snag high-quality denim and other Jeanswest apparel at prices that could make wallets breathe a sigh of relief.
Jeanswest has been a part of the Aussie fashion fabric since the 1970s. Image Credit: Jeanswest
The sale featured 138,000 pairs of jeans and 77,000 units of new clothing and footwear fresh from the warehouse.
Jeanswest's sale is available both in-store and online.
The 53-year-old company, renowned for its denim products, has pivoted to an online-only operation.
With this change, 87 of Jeanswest's brick-and-mortar stores nationwide are set to shut down.
'Everything is reduced, and sales will apply both at retail stores and online. All sales will be final during the closing event,' said one of its current administrators, Lindsay Bainbridge.
The sale is a chance to pick up great deals, and it's also part of the administrator's strategic move to clear stocks, maximise returns for creditors, and prepare the business for its new life.
'We have spoken to all staff and will continue to operate all stores at this stage while we run out the stock,' Bainbridge added.
This highlighted the administrators' commitment to both customers and employees during this transition.
The impact of Jeanswest's closure has extended beyond the company itself.
Gary Mortimer, a retail expert from the Queensland University of Technology, pointed out several impacts of the sale.
'My prediction is that if shoppers are taking advantage of the massive discounts, they then won't be going to Jay Jays or the like, so those brands are exposed to the closure at Jeanswest. There's a knock-on effect,' Mortimer shared.
Jeanswest's closure came as a shock to many.
Their parent company, Harbour Guidance, called in administrators and put about 600 jobs at risk.
Appointed administrators from Pitcher Partners Melbourne stated that the owners had exhausted every option to keep Jeanswest afloat.
However, with the current market conditions, physical stores may be unviable.
While Australian Jeanswest stores are closing soon, three Jeanswest outlets in New Zealand have survived the cull.
So, if you're in need of a wardrobe refresh or can't resist a good deal, act now.
Head to your nearest Jeanswest store or visit their website to take advantage of these incredible discounts.
This may be the last chance to own a piece of a brand that has been a part of Australia's fashion landscape for generations.
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