The Goulburn outlet of national clothing giant Jeanswest will continue to trade as usual - for now.
Its parent company has gone into voluntary administration, and many outlets around the country have closed immediately.
The company-owned store in Goulburn has five team members, including the manager.
KPMG's Peter Gothard and James Stewart have been appointed as voluntary administrators of the Australian operations of the clothing retailer.
The retailer will trade as usual until a new buyer for the business is found.
"Jeanswest will continue to operate while the administrators conduct an urgent analysis of the business," KPMG partner, Peter Gothard said.
"The administrators will be looking at all options for the restructure or sale of this established Australian retail business.
"[We] are seeking urgent expressions of interest from parties interested in acquiring or investing in the business."
The online market also posed a challenge for the company.
"Like many other retailers, the business has been challenged by current tough market conditions and pressure from online competition," KPMG's retail restructuring practice leader, James Stewart said.
"The administration provides an opportunity for Jeanswest to restructure so as to better respond to the challenging Australian retail market."
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Jeanswest has more than 988 employees across 146 stores around the country.
It is known for its range of denim and casual wear.
The company is now added to the list of retailers that have closed or are set to close their stores in Goulburn in the past year.
These include Dimmeys, Ed Harry and Harris Scarfe.
Jeanwest opened its first store in Perth, Western Australia in 1972.
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