Clothing and homeware chain TJ Hughes could go into administration, putting 4,000 jobs at risk. There are 57 of the budget department stores in the UK, including the one in the former Sunwin House building in Bradford (pictured).
At 4pm yesterday, the company's directors filed a notice of intention to appoint an administrator.
The discount shops have struggled recently due to a slump in consumer spending.
The chain is owned by Endless, a private equity firm based in Leeds.
Their spokesperson said they are looking for potential buyers for TJ Hughes. Endless have assured staff that they will be paid this week and have said it is 'business as usual' for now.
It could be the latest in a series of blows for the high street. Retailers Habitat and Jane Norman have both announced they are going into administration this week, with Thorntons planning to close almost half of its stores over the next three years,.
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