Wagga's Harris Scarfe will not be among the 21 stores across the country that are preparing to close in the coming weeks.
The national department store was placed into receivership on December 11, following the appointment of voluntary administrators the same day.
Employees were told by the receivers yesterday that 44 stores would remain in the portfolio, which will be offered for sale.
More than 1300 jobs will remain, while about 88 full-time, 128 part-time and 224 casual positions across the 21 stores in WA, QLD, NSW, VIC, SA and ACT are affected.
Receiver and Deloitte restructuring services partner Vaughan Strawbridge said all efforts are being made to redeploy affected staff around the remaining store network.
"We have continued to trade the business since our appointment, and this has been well supported by loyal employees and customers," Mr Strawbridge said.
" ... this has been a difficult decision, but one necessary to position the Harris Scarfe business for a successful sale and continued operation.
"All staff that leave the business will receive all wages and entitlements in full on the closure of individual stores."
In other news
Albury's Harris Scarfe will be closing its doors on February 2.
"Our review of the store network included a range of factors, including past and likely future profitability," Mr Strawbridge said.
"Going forward, we certainly remain focused on running the broader store network, and selling the business as the best outcome for remaining employees and suppliers."