Fifty seven Roger David stores across the country will close by mid-December.
Administrators for the menswear chain said no buyer was found following a four-week search.
The 76-year old business entered voluntary administration on October 18.
The company has three brands – RDX, Roger David and Stray.
“Despite the directors’ best efforts with the business, it simply could not compete with the influx of multinational retailers and rapid, global evolution of online shopping,” Roger David executives said in a statement last month.
Rising fixed costs and cautious consumer demand were also factors for the company’s demise, according to KordaMentha administrator Craig Shephard.
The retailer has launched an instore-only sale offering stock at a 60 per cent discount.
Roger David has 462 employees on its books – some 300 on full time contracts. Most staff (193) work in 19 Victorian stores. It also trades from 15 stores in Queensland, 12 in New South Wales, seven in Western Australia, two in South Australia and Tasmania, and one in Canberra,
Late last year another fashion related business, Oroton, went into voluntary administration. The Australian arm of businesses David Lawrence, Herringbone, Marcs, Payless Shoes, Topshop and Rhodes & Beckett also collapsed in recent years.