Barratts goes into administration but says shoe orders are safe

Similarly, Deloitte, which was appointed as administrators of the Bradford-based Barratts Priceless Group, says customers with gift vouchers will still be able to use them, as things stand. It's the second time in two years the firm has gone into administration.

Deloitte is looking for a buyer for Barratts, which also trades as Priceless Shoes.

A Deloitte spokesman says: "To confirm, all existing vouchers will be accepted. Also, existing orders should be fulfilled."

Of course, those with vouchers should spend them soon to minimise the risk of them becoming invalid if the shoe firm runs into deeper trouble.

Barratts has been badly hit by a slowdown in sales, as have many other high street firms over recent months. However, it still plans on trading as normal for now.

The company has 191 stores and 371 concessions, which are smaller outlets within other stores.

Joint administrator Daniel Butters says: "Barratts and Priceless Shoes have faced a downturn in trading as a result of the difficult economic conditions. 

"This has been exacerbated by the unseasonably mild weather in recent weeks which resulted in fewer sales across new winter lines. 

"We will continue to trade while we seek a buyer for all or parts of the business as a going concern.

"We are working closely with suppliers to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors."