Hundreds of workers have been made redundant after administrators were called in to sports firm JJB.
In Scotland, 367 staff lost their jobs as 26 branches across the country were closed with immediate effect on Monday.
This came as administrators KPMG closed a total of 133 stores across the UK, resulting in around 2200 redundancies.
The insolvency firm negotiated the sale of 20 shops to rival company SportsDirect, including four in Scotland, saving around 550 jobs across the UK.
According to data released by KPMG, JJB stores in Glasgow’s Silverburn Shopping Centre, Airdrie, Cumbernauld and Elgin were bought by SportsDirect, saving an estimated 60 posts from the axe in Scotland.
Richard Fleming, UK Head of Restructuring at KPMG, said: "Successive attempts to restructure the business, both financially and operationally, have not been enough to prevent the company falling into administration. Unfortunately a buyer could only be found for 20 stores on a going concern basis.
"All staff made redundant as a result of store closures have had their arrears of wages and holiday entitlements paid in full. Our team of employment specialists will be supporting staff on completing redundancy forms and putting them in touch with jobseeker services.
"We will now be reviewing what options are available for the remainder of the business, such as selling leasehold interests."
The company, which ran at an operating loss of more than £103m last year, had been seeking a buyout since the end of August. However, it had been unsuccessful in doing so, which resulted in it appointing the insolvency firm.
Earlier this year the sports retailer agreed a company voluntary arrangement with its landlords at 41 stores across the UK to shut them down in a cost-cutting measure to save £1.6m in rent per annum.
David McCorquodale, corporate finance partner at KPMG who led the sales process, said: "In spite of the severity of financial distress suffered by the business, we spoke with over 100 parties in the first few days of our appointment, with eight trade and private equity players tabling first round bids.
"Unfortunately the level of cash and further operational restructuring required to rescue a more substantial part of the business was too much risk for most interested parties. We hope to be able to sell the leasehold interests of some of the remaining stores, which may result in re-employment of some staff."
SportsDirect bought the 20 UK branches of JJB in a £23.7m deal, which also includes all of the collapsed business’ stock and the Slazenger Golf brand licences owned by JJB, as well as its freehold property in Wigan.
View JJB store closures in Scotland in a larger map
IN DETAIL
In full: KPMG breakdown of the JJB branches closed
