Having already shut 15 of its 44 stores after plummeting into administration, the Australian fashion retailer has revealed drastic plans to help claw back cash.
Following its latest announcement in January, about a three-month in-store sales promotion, an 'all locations closing' banner has now appeared on its website.
“All locations closing. Administrator's sale,” is reported on the Fletcher Jones home page.
The company's Facebook page also appears to have been deleted.
Bruno Secatore of Cor Cordis, the administrators for the 93-year-old company, recently accepted an offer from liquidators Hilco Merchant Australia to carry out a structured sale of the stock.
Sales kicked off on January 28 with all products subject to a 30-50 per cent discount and 'everything must go' according to its promotion material.
It is not clear when the final 30 stores will close, but the second creditors' meeting is expected to take place in May and a full report of the company's financial position will be released before this.
Fletcher Jones owes millions to creditors, although Secatore is keeping tight lipped on the final amount that is owed as investigations continue.
Nearly $3 million is owed to one unsecured creditor in the apparel industry - see the February edition of Ragtrader for the full details on which suppliers have been left short