Shares in Wigan- based JJB Sports have been suspended as the retailer prepares to call in the administrators.
The supplier of sportswear and equipment has been struggling for some time.
The fate of its 4,000 employees and 180 stores across the country isn't yet clear.
More top news
Sunday evening's forecast for the NW with Emma Jesson.
High pressure is in charge for the start of the week, a couple of fronts introducing dampness at times. Clear spells developing Sunday night
Sunny start to Sunday, feeling chilly. Patchy cloud further east, temperatures soon lifting. Fine afternoon