Global fashion retailer Esprit is pulling out of Australia and New Zealand and will close more than 60 outlets in the region, leaving 350 employees without jobs.

The company, which was founded in California in 1968 and has been operating in Australia since the 1980s, said on Thursday it had been unprofitable in the local market for some time and had now made the "unfortunate but unavoidable" decision to leave.

Esprit's operations in the region consist of 16 retail stores, 13 factory outlets and 38 concession stores inside Myer stores, which will all close by the end of the 2018 calendar year. The 67 outlets are split between NSW (25), Victoria (17), Queensland (12), Western Australia and New Zealand (6), and South Australia (1).

There will be about 100 jobs lost in NSW, 90 in Victoria, and 30 in New Zealand.