JOBS at a Burnley town centre shop are in jeopardy as the credit crunch bites deeper into the retail industry.

MK One, which has a store in Manchester Road, has gone into administration for the second time this year.

The fashion retailer was owned earlier this year by Icelandic firm Baugur – which suffered hardships as the result of the country’s financial meltdown.

Bosses are hopeful of a sale, but some premises may be sold off.