Accrington's Ethel Austin is closing in the next month, with nine job losses, it has finally been confirmed.
The Arndale Centre store is among 81 outlets that will close in the next three to four weeks, administrators MCR said in a statement on Wednesday.
A further 124 stores closed last month, and Accrington was originally on a hit list of scheduled closures.
But staff at the value clothing store were given a temporary reprieve when they were told the Arndale outlet would remain for an interim period.
The statement read: "Most of the 81 stores will cease trading by the end of March and a total of 696 positions are likely to be made redundant.
"There has also been a further 56 redundancies announced today at the Head Offices in Knowsley."
One member of staff found out about the closure announcement when contacted by the Observer on Wednesday afternoon.
The employee, who wished to remain anonymous, said: "It’s been disgusting the way we’ve been treated as we’ve not been told anything.
"There were rumours flying around of a buyer in place and that a high street store had put a bid in. We’ve been getting so many mixed messages.
"They are sending a delivery on Friday but whether this is getting rid of stock in the warehouses we don’t know."
Geoff Bouchier, joint administrator and Partner of MCR, said: "It is a difficult retail climate and until such time as any sale of the businesses can be completed, cost cutting measures need to be taken to allow the businesses to trade on in the short term.
"There are still opportunities for a purchaser of the businesses to come forward."
Other store closures include, Darwen, Blackburn, Rawtenstall and Nelson.