Transit Clothing has gone into voluntary administration, with four stores shutting down in WA.
Mandurah, Dunsborough and perth DFO branches will close immediately, followed by the Clarkson outlet on Saturday.
All staff members affected by the closures will be made redundant from the retailer, known for selling casual clothing, shoes and accessories.
The remaining stores at Belmont Forum, Cockburn Gateway, Westfield Carousel, Lakeside Joondalup and Watertown are set to hold a discount sale offering up to 70 per cent off from Thursday.
FTI Consulting Managing Director Daniel Woodhouse said the retailer has faced soft consumer demand, falling sales revenue and relatively high store leasing costs.
“Transit Clothing has been a successful retailer over a long period, with a meaningful store footprint, a wide range desired by their target market, and a successful online presence but has unfortunately found itself between the rock and a hard place of falling sales and fixed store lease costs,” Mr Woodhouse said.
“Our appointment as Administrators will allow the business some breathing room as we look to continue to trade the business, with most stores to remain open.
FTI could not rule out future closures as they look to restructure…
