Indie mini-chain Ark is poised to collapse into administration - the latest retailer to cave in to economic pressures this week.
Drapers understands the retailer has lined up insolvency firm Begbies Traynor as its administrator, although no one from either Begbies Traynor or Ark returned requests for comment.
Ark, which stocks men’s and women’s young fashion brands including Boxfresh, Religion and Superdry, has 14 stores across England in cities including York, Norwich and Leeds.
It launched in 1992, opening its first store in The Corn Exchange, Leeds and has since grown to employ around 200 people.
Retailers’ cash flows have been hit by rent quarter day this week, which fell on Monday, as the tough UK economy claimed further victims.
Value fashion chain Internacionale filed an intention to appoint administrators on Tuesday (June 25), while Tuesday was the last day of trading for premium Peckham indie Fenton Walsh.
The indie closed this week after eight years of trading, with the business blaming the economic environment and wet summers for its demise.