More than 700 Payless Shoes workers will be out of a job in the new year after the administrator for the shoe chain announced it was shutting up shop, Fairfax Media reports.
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Payless has two stores in Dubbo, one at Dubbo Square and the other at Orana Mall.
The business was tipped into administration last month but Ferrier Hodgson failed to secure a sale of the chain.
"While we received a number of expressions of interest from various parties there were no acceptable offers for the business as a whole," administrator Jim Sarantinos said.
The job losses cap what has been a terrible year for retail workers with more than 10,000 employees ensnared in the closure of Dick Smith, Masters, Pumpkin Patch and now Payless Shoes.
Ferrier Hodgson said about 730 workers would be affected when the Payless stores close in February next year.
Payless is one of the biggest independent shoe retailers in Australia, with 131 stores and annual sales of more than $75 million.
Mr Sarantinos said it was a disappointing outcome for the retail chain's employees, who had given loyal service to the business over many years.
