MILDURA'S Jeanswest store has been spared the axe by administrators seeking to save the embattled retailer.

In a statement circulated to media on Thursday, KPMG announced 37 stores in the national chain would be closed and 263 employees made redundant.

KPMG, which was appointed after Jeanswest entered voluntary administration this month, are attempting to restructure the business so it can be so...