Jane Norman has fallen into administration after failing to find a buyer for the business.
The fashion retailer, which describes its clothing as "sexy and affordable adaptations of catwalk trends," has been struggling with poor sales and has debts of £140m.
Jane Norman, which specialises in trendy clothing aimed at women between the ages of 16 and 25, is the latest casualty on the high-street following a squeeze in consumer spending over the financial crisis.
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Mothercare, Comet and HMV are among the retailers that have been forced to close stores this year.
Accountancy firm Zolfo Cooper is hoping to find a buyer for Jane Norman, which closed its 90 stores on Saturday after reportedly asking its landlords to defer its rent payments.
Zolfo Cooper is reportedly putting Jane Norman into a pre-pack administration.
The controversial pre-pack will allow the company to be sold without its £140m of debts.
British department store Debenhams and Edinburgh Woollen Mills are among a number of possible buyers for the Jane Norman brand.
