Footwear retailer Treds has fallen into administration, putting 165 jobs at risk, Drapers can reveal.
Ross Connock and Zelf Hussain of PwC were appointed as joint administrators on 29 January.
The multi-brand retailer operates 21 stores across the UK and also sold online.
Its head office and warehouse are in Weymouth, Dorset.
Connock said: “The business has faced similar challenges to those seen across the retail sector, including changing consumer behaviour and economic uncertainty. This has resulted in reduced revenues across the store portfolio. Despite the best efforts of management, there was unfortunately no alternative but to place the partnership into administration.
“All staff remain employed as normal, and we are continuing to trade the business in the coming days while we assess the trading strategy and explore any interest in the business”.
Owner Steve Kavanagh founded the business in December 1996.