National fashion chain Jeanswest will shut nearly 40 stores across the country, running the tally of retail store closures to over 200 in the new year.

KPMG administrators Peter Gothard and James Stewart announced on Thursday the company's restructure would result in 37 stores being closed and 263 staff made redundant, including 21 head office staff.

Fashion retailer Jeanswest has entered voluntary administration and will shut 37 stores. Credit:Anita Jones

Jeanswest collapsed into administration last week with administrators blaming a long period of disappointing trading and high rental costs as the reason for the company's demise.

There are hopes a suitable buyer will emerge for the business, which was founded in 1972 and had 146 stores across the country, employing nearly 1000 people. Mr Stewart said the store closures were disappointing but necessary if the brand was to find a buyer.