Up to 120 jobs are expected to be lost across the island of Ireland due to closure of a number of Xtra-vision stores.
Nine stores in the Republic of Ireland are expected to close, while 11 will be closed in Northern Ireland.
The Xtra-vision stores to close in the Republic will be in Ongar, Carpenterstown, Rathmines, Baggot St, The Square in Tallaght, two stores in Swords and one Phisborough, Dublin.
Xtra-vision in Roscrea, Co Tipperary will also close.
Staff in Northern Irish stores were made redundant and then rehired due to legislation regarding the continuation of a receivership.
However 11 stores in the North will not be reopening, resulting in about 60 jobs losses in addition to the 50 to 60 job losses in the Republic.
In a statement Luke Charleton of Ernst & Young, which is receiver for the chain, said the closures were regrettable but necessary due to "unsustainable trading losses resulting from a fall in revenue."
The joint receivers said they would continue to seek a buyer for the chain and were currently in discussion "with a number of interested parties".
Last week the DVD rental chain, which has 152 outlets, went into receivership.