Stationery chain Paperchase is on the brink of administration amid struggling sales.
The high street chain said it has filed a notice to appoint administrators.
Accounting firm PricewaterhouseCoopers will run the process, Paperchase said.
A spokesperson for Paperchase said: “The cumulative effects of lockdown one, lockdown two – at the start of the Christmas shopping period – and now the current restrictions, have put unbearable strain on retail businesses across the country.”
And while online sales had continued to perform strongly, Paperchase said, this was not enough to mitigate the overall impact of temporary closures.
The spokesperson added: “We are working hard to find that solution and this NOI (notice of intent to appoint administrators) is a necessary part of this work.
“This is not the situation we wanted to be in.
“Our team has been fantastic throughout this year and we cannot thank them enough for their support.”