High street retailer Bonmarche has collapsed into administration for the second time in seven years, leaving the future of all stores uncertain.

The women's retailer, which specialises in clothing for the over-50s, has a store in Kay Gardens.

There will be no redundancies at this stage, with its 2,887 staff, including 200 at its head office, continuing to work at 318 stores across the UK.

Chief executive Helen Connolly said: "This is not the outcome we had hoped for and we will work with the administrators to do all it possibly can to protect as many jobs as possible and secure its future going forward."

The brand has recently struggled with rising costs, such as business rates and rising wages, as well as dwindling footfall on UK high streets.

The chain appointed Tony Wright, Alastair Massey and Phil Pierce, of specialist advisory firm FRP as joint administrators on Friday.

The directors made the decision after a sustained period of "challenging trading conditions and cashflow pressure", meaning the business was unable to meet financial obligations.

Tony Wright said: "Bonmarche has been a staple on the UK high street for nearly three decades, but the persistent challenges facing retail have taken their toll and led to the administration.

"There is every sign that we can continue trading while we market Bonmarche for sale and believe that there will be interest to take on the business."

Earlier this year Peacocks boss Philip Day took control of the high street retailer.

A large number of shareholders sold their stakes to Mr Day, giving him a 95% ownership in the struggling retailer.

The deal valued the Yorkshire-based chain at around £5.7million - just five years ago the firm was worth nearly £100million.

Bonmarché, which was founded in 1982, warned last in March that trading had deteriorated, adding that it expected to lose around £5million this year.

It is the second time the business has fallen into administration in seven years, after it was previously bought in a rescue deal by private equity firm Sun European Partners in 2012.