More than 1,700 jobs could go at sports retailer Allsports after administrators were called in last night.
The company has 267 stores nationwide but has been struggling as a result of the downturn in consumer spending.
It was put up for sale in April by founder and chairman David Hughes, but failed to attract a buyer.
Administrator BDO Stoy Hayward said there had been a ‘significant’ decline in sales and that store closures and job losses were inevitable.
The slowdown in consumer spending has already claimed the 143-year-old Allders chain and furniture retailer Courts in the past year.