Office Outlet has gone into administration, putting the future of 1,200 UK jobs at risk.
The retailer, which was formerly known as Staples, is not connected to the online-only business which currently trades under the Staples name.
Partners at Deloitte were appointed joint administrators on Monday.
It throws the future of about 1,200 people working at more than 90 stores into doubt.
The firm has stores in Glasgow, Edinburgh and Aberdeen.
Stores are expected to continue trading while the business is marketed to potential new owners.
Joint administrator Richard Haws said: "In addition to a general downturn in trading as a result of the ongoing decline in the stationery market and UK retail in general, the company has recently experienced a reduction in credit from key suppliers, given the economic outlook which has severely impacted the financial position of the company.
"We are hopeful a buyer can still be found for the business in the coming weeks and we will continue to trade the business with that aim in mind."
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The chain launched a plan last August to shutter a handful of stores under a form of insolvency called a Company Voluntary Arrangement (CVA).
Office Outlet chief executive Chris Yates said: "Despite being highly impressed by the Office Outlet story potential investors have held back due to retail sector sentiment and the general level of uncertainty."
Shares in retailer Bonmarche have dropped after it warned annual losses could hit £6 million following the return of sales woes in March.
In its third profit alert in six months, the womenswear chain said it has seen "significantly weaker" trading since the start of the month, reversing a bounce-back in January and February after it resorted to heavy discounting to shift stock.
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Shares tumbled by more than a fifth as it said it now expects underlying pre-tax losses of between £5m and £6m for the year to the end of March.
This compares with the £4m annual loss previously pencilled in at the time of its December profit warning.
Team17 posted record annual revenue and profits thanks to its growing video game portfolio.
The firm, which floated last May, saw operating profits increase 11 per cent to £9.9 million in 2018 as revenue surged 46% to £43.2m.
The company launched 12 new games last year and has a "solid" pipeline of new games planned for 2019.
Team17 said that it has made an encouraging start to the year and remains well placed for future growth, both through new games launches and by supporting independent developers through the company's own label.
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