Roger David the latest casualty of shopping’s changes
Global and online rivals force the collapse of “heartbroken” menswear chain Roger David, after 76 years in business.
The transformation of shopping has claimed another high-profile victim, with Australia's third-largest menswear retailer, Roger David, entering voluntary administration after 76 years in business.
Roger David currently operates 57 stores managed by more than 300 staff across Australia, operating under three brands - Roger David, RDX and Stray.
“Today marks a sad day in the long history of Roger David menswear and for Australian retail,” the company said in a statement.
“Despite the directors’ best efforts with the business, it simply could not compete with the influx of multinational retailers and the rapid, global evolution of online shopping.”
Roger David’s demise comes after a string in failures in Australia's struggling retail sector, amid slow wages growth, changes in consumer preferences, the rise of online shopping and international competition.
Firms that have closed or been forced into administration in the last two years include Topshop, Pumpkin Patch, Payless Shoes, Marcs, David Lawrence, Herringbone, Rhodes & Beckett, Live Clothing and Maggie T. Some have survived under new owners.
In September, the Reserve Bank said discretionary goods retailers generally appeared to be in good financial heath, despite the challenging environment.
Roger David said its doors will remain open during the upcoming peak retail period in an effort to maximise the options for the business.
“Thank you to Roger David’s network of stores, and the loyal staff past and present for your service to this business over the years,” the company said.
“Thank you also to Roger David’s loyal customers who have been on a journey with Roger David since we opened our doors.
“Like you, we are heartbroken but forever grateful to have served generations of your family since 1942.”
Administrators KordaMentha have been appointed.