Roger David, the Australian menswear chain many rely on for last-minute race wear, has announced it’s closing up shop, and offering huge discounts in store and online, accordingly.

Founded in 1942, Roger David has been dressing Australian men in tailored suits and shirts, and accessories for more than seven decades. But last month, the company called in administrators Kordamentha to seek potential buyers after struggling to compete with big multinational retailers and the rise of cheap online shopping destinations, the Age reports.

Kordamentha told the Age while there was some interest from potential buyers, it was “too tough” to strike a deal in the current fashion-retail environment. The administrator also confirmed all 57 Roger David stores are likely to close by early to mid December this year.

A “closing down” sale has begun, and the retailer is already offering 60 per cent off.

It’s the latest in a list of once-popular Australian retailers that couldn’t keep their heads above water including Driza-Bone, Lover and Lifewithbird, which also recently went under. But while the industry is tough, it’s not all doom and gloom for local retailers and Australians shoppers are increasingly returning to bricks-and-mortar stores

Roger David was unavailable for comment at the time of publication.