Womenswear retailer Bonmarché has become the latest victim on the high street to face administration.
The collapse, announced on Friday evening (October 18), puts 2,887 jobs at risk including 200 at its head office.
Administrators said the retailer had a "sustained period of challenging trading conditions".
It currently has 318 stores across the UK, with the Nottingham branch located in Lower Parliament Street.
There are also stores in Mansfield, Newark, Sutton-in-Ashfield, Long Eaton and Worksop.
Tony Wright, Alastair Massey and Phil Pierce, of specialist advisory firm FRP, were appointed as joint administrators for the firm on Friday.
FRP said the company will continue to trade with no immediate job losses, as it assesses options to secure the future of the company.
"All stores remain open and no redundancies have been made," the administrators said in a statement.
The brand has recently struggled with rising costs, such as business rates and rising wages, as well as dwindling footfall on UK high streets.
Earlier this year, Bonmarché was taken over by billionaire Philip Day, owner of The Edinburgh Woollen Mill Group.
He acquired more than half the company's shares in a deal valuing the clothing chain at just £5.7 million triggering a mandatory takeover bid.
Acting through holding company Spectre, the businessman bought more than 26 million shares. However, the Mirror Online reports this investment has now been wiped out.
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