Jeanswest will close all its stores, impacting over 600 employees, as consumers reduce spending in response to cost-of-living pressures. KPMG administrators revealed that Jeanswest owed up to $50 million at the time of its initial collapse in 2020. Mr. Bainbridge remarked that maintaining physical stores is no longer feasible under the current market conditions. However, the brand and its online presence may persist, with various restructuring options still on the table.