ALBURY'S Harris Scarfe store is one of the embattled retailer's store to close after being placed into receivership late last year.
The Albury outlet located on the top floor of the Mate's building is one of eight in NSW to be shut along with Bendigo and Mildura in regional Victoria.
The store will shut on February 2.
Harris Scarfe, which was founded in Adelaide in 170 years ago, was rescued from bankruptcy in 2001 and in the ensuring 19 years has had four separate owners.
IN OTHER NEWS
Deloitte Restructuring Services partner Vaughan Strawbridge said the move this week to close stores including Albury was difficult, but necessary to position Harris Scarfe for a sale.
"All efforts are being made to re-deploy 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," Mr Strawbridge said.
"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."
Mate's Building leasing agents, L.J. Colquhoun Dixon, was only made aware of the closure yesterday and declined to comment.
The receivers confirmed that 44 stores would remain in the portfolio to be offered for sale, which was five more than originally anticipated.
About 88 full-time, 128 part-time and 224 casual positions are affected.
Trade Secret, Bing Lee, JB Hi-Fi also occupy sections of the Mate's Building.
Commercial in confidence restraints prevent Myer from confirming the lease extension length and the amount to be spent on the refurbishment due to be completed in 2021.