Dis­counts up in Roger David as end looms

The Courier-Mail - - BUSINESS - STEPHANIE BEN­NETT

DIS­COUNTS at em­bat­tled cloth­ing chain Roger David have been ramped up in an ef­fort to se­cure a buyer be­fore a loom­ing clo­sure dead­line.

Ad­min­is­tra­tors for the col­lapsed menswear chain have set a dead­line of No­vem­ber 14 to se­cure a buyer, or be­gin clos­ing all stores af­ter 76 years in busi­ness.

With 57 stores around the coun­try, in­clud­ing 17 in Queens­land, across three brands, about 500 full-time, part-time and ca­sual em­ploy­ees face los­ing their jobs un­less a buyer is found.

Dis­counts have in­creased to 60 per cent across all sites, with sales boom­ing since the com­pany was placed into vol­un­tary ad­min­is­tra­tion last month.

Ad­min­is­tra­tor, Kor­daMen­tha Re­struc­tur­ing’s Craig Shep­ard, said there had been some in­ter­est in the re­tail chain, “but there is no cer­tainty of a sale”.

“Po­ten­tial buy­ers have recog­nised the strength of the brand and cus­tomer loy­alty, but it has to make com­mer­cial sense,” he said.

“Sales have been phe­nom­e­nal since the first day of ad­min­is­tra­tion and we have fast­tracked all stock from the ware­houses to the stores to keep up with de­mand.”

Mr Shep­ard said if no buyer was found by the No­vem­ber 14 dead­line clo­sures would be­gin, with all sites ex­pected to be shut by Christ­mas.

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