Fletcher Jones is shutting down: What’s next for Australia’s century-old retailer
17 January 2026
1 min read

Fletcher Jones is shutting down: What’s next for Australia’s century-old retailer

Melbourne, Jan 17, 2026, 22:04 (AEDT)

  • Fletcher Jones will close its remaining stores and online business by the end of January.
  • Owner Matthew Gowty plans to sell the brand after the shutdown.
  • The move follows Myer-owned Sass & Bide’s decision to close stores and pause online sales ahead of a relaunch.

Australian clothing label Fletcher Jones is shutting its remaining stores and online business, telling customers it is “closing down all stores and online” as it clears stock. The company is running a clearance sale offering 30% off and expects to complete the closure by the end of January. 1

Closing a name that dates back to the 1920s is another hit to a retail sector already losing long-established fashion brands. 9News reported the company’s current owner, Matthew Gowty, plans to sell the Fletcher Jones brand after the shutdown. 2

It comes a day after Myer-owned label Sass & Bide said it will close its stores and department-store concessions — branded shop-in-shops — at the end of January, and shut its online store at the end of February. “It’s not goodbye, it’s see you soon,” the brand said as it flagged a reinvention. 3

Fletcher Jones’ website currently lists three Victorian locations — Ashburton, a Collins Street store in Melbourne’s CBD, and a Williamstown North outlet — alongside its online shop. 4

Fletcher Jones started in Warrnambool, Victoria, in 1924 when David Fletcher Jones began selling textiles, and later opened stores in the 1930s and 1940s selling men’s suits and trousers. A purpose-built factory followed in 1947, and the company says its 1970s and 1980s “golden years” saw about 3,000 staff across manufacturing centres in Warrnambool and Mt Gambier; it was re-launched online and in stores in 2012. 5

The company’s modern slide traces back to its 2011 voluntary administration, an insolvency process where an external administrator takes control to try to restructure or sell the business. At the time, administrators said they would close 15 stores and cut 61 jobs, and administrator Bruno Secatore said it was important to act quickly to “shore up the viability” of the business. 6

Sass & Bide said 14 Myer concessions will trade until Jan. 26, with three standalone stores due to close on Jan. 31, while online sales will continue until the end of February. A Myer Group spokesperson described the move as a “unique opportunity to reinvent” the label, and said gift cards could be converted to Myer cards of the same value. 7

But the end result for Fletcher Jones is uncertain. Gowty’s plan to sell the brand could keep the name alive in some form, or it could go nowhere, leaving customers with just the clearance racks and an old label disappearing from shopfronts.

Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:49 AM EST CSL Faces Growth Uncertainty Amid Seqirus Spin-off Pause and Flu Vaccine Demand Drop February 7, 2026, 12:49 AM EST. CSL (ASX:CSL) confronts near-term challenges after delaying its Seqirus vaccine unit spin-off due to weaker U.S. flu vaccination uptake, impacting its fiscal 2026 growth outlook. Regulatory scrutiny in Europe over its Tavneos kidney therapy data, plus intensifying U.S. competition for its Vifor iron products, heighten concerns over product credibility and pricing pressure. Despite these headwinds, CSL's diversified portfolio in plasma, vaccines, and kidney therapies underpins its
Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
Moderna stock price pops 6% into the weekend — here’s what traders are watching next for MRNA
Previous Story

Moderna stock price pops 6% into the weekend — here’s what traders are watching next for MRNA

GE Aerospace stock closes higher on leadership shuffle — what to watch ahead of Jan. 22 earnings
Next Story

GE Aerospace stock closes higher on leadership shuffle — what to watch ahead of Jan. 22 earnings

Go toTop