Dubbo's Harris Scarfe will shut its doors permanently in the next four weeks, in a blow to employees and the city's retail strip.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The receiver confirmed to the Daily Liberal a total of 21 of the chain's stores across Australia including Dubbo's would close.
The clothing, manchester and homewares store located in Macquarie Street has a total of eight employees, the union for retail workers reports.
Another 44 stores would remain in the portfolio to be offered for sale, "five more than originally anticipated", the receiver confirmed.
The axe fell after the company was placed into receivership on December 11, following the appointment of voluntary administrators the same day.
The Dubbo team faced an uncertain future for weeks since, but on Monday learnt their fate.
About 88 full-time, 128 part-time and 224 casual positions would be affected across the company, the receivers report.
The Dubbo store is one of eight in NSW to close over the next four weeks.
"We have continued to trade the business since our appointment, and this has been well supported by loyal employees and customers, so this has been a difficult decision, but one necessary to position the Harris Scarfe business for a successful sale and continued operation," receiver and Deloitte Restructuring Services partner, Vaughan Strawbridge said.
"All efforts are being made to redeploy affected staff around the rest of the store network, and all staff that leave the business will receive all wages and entitlements in full on the closure of individual stores.
"Our review of the store network included a range of factors, including past and likely future profitability.
"Going forward, we certainly remain focused on running the broader store network, and selling the business as the best outcome for remaining employees and suppliers."
The Shop, Distributive and Allied Employees Association (SDA) reports the Dubbo store has two full-time, two part-time and four casual staff members.
The union says the current plan is for a four-week closure period, although this may extend to six weeks.
"The SDA's top priority is to ensure that all entitlements are honoured and paid out to all employees who will be out of a job next month," SDA national secretary Gerard Dwyer said.
Harris Scarfe, which began as the business Lanyon and Harris in South Australia 170 years ago, has been trading at Dubbo for more than a decade.
EARLIER:
Dubbo's Harris Scarfe will shut its doors permanently in the next four weeks, in a blow to employees and the city's retail strip.
The receiver confirmed to the Daily Liberal a total of 21 of the chain's stores across Australia including at Dubbo would close.
Another 44 stores would remain in the portfolio to be offered for sale, "five more than originally anticipated".
The axe fell after the company was placed into receivership on December 11, following the appointment of voluntary administrators the same day.
Employees at Dubbo faced an uncertain future for weeks since, but on Monday they learnt their fate.
About 88 full-time, 128 part-time and 224 casual positions would be affected across the company, the receivers report.
The Dubbo store, located in the city's main street, is one of eight in NSW to close over the next four weeks.
"We have continued to trade the business since our appointment, and this has been well supported by loyal employees and customers, so this has been a difficult decision, but one necessary to position the Harris Scarfe business for a successful sale and continued operation," receiver and Deloitte Restructuring Services partner, Vaughan Strawbridge said.
"All efforts are being made to redeploy affected staff around the rest of the store network, and all staff that leave the business will receive all wages and entitlements in full on the closure of individual stores.
"Our review of the store network included a range of factors, including past and likely future profitability.
"Going forward, we certainly remain focused on running the broader store network, and selling the business as the best outcome for remaining employees and suppliers."