Harris Scarfe at Green Hills will close its door in coming weeks after the retail organisation was placed in receivership last month.
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On December 11, the organisation was placed in receivership following the appointment of voluntary administrators on the same day.
As a result 21 Harris Scarfe stores across the country will close over the next four weeks, a receivers report said.
Approximately 88 full time, 128 part-time and 224 casual positions are affected.
"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."
