John Cootes closure will cost 135 jobs

John Cootes Furniture, which has stores across NSW and the ACT, is being closed by its owners after they failed to find a committed buyer.

About 135 jobs will go with the closure of 12 John Cootes Furniture stores across NSW and the ACT.

The decision was announced on Monday by the retailer's owner Elanor Investors Group and follows a strategic review of the business.

"Following the review, Elanor has now decided to commence an orderly closure of the business," it said in a statement to the stock exchange.