Administrators say attempts to find a buyer for Barratts Priceless have failed, and the collapse of the British shoe chain will cost 1,600 jobs.
Deloitte said Friday that it was still in negotiations to "rescue a significant part of the remaining business."
The chain originally had around 4,800 employees _ most of whom are staying on as Deloitte seeks to salvage parts of the company.
Deloitte took over after the Bradford, England-based business went bust earlier this month.
Consumer spending is under pressure in Britain, whose economy remains threatened by the debt crisis in Europe, rising unemployment and weak domestic growth.
Earlier Friday the owner of mail order toy business Hawkin's Bazaar said it had gone into administration, threatening some 380 jobs.