Beales is set to close its remaining 11 stores after it received no “deliverable” rescue offers.
Administrators KPMG announced earlier this month that the department store chain would be closing 12 of its 23 stores, including their flagship outlet in Bournemouth.
The company has made a further 20 staff redundant at its head office in Bournemouth, KPMG said.
It added that the remaining stores are expected to stay open for around eight weeks while closing down sales take place.
Beales collapsed into administration in January after failing to secure a sale to a new owner.
“We understand that the failure to achieve a sale so far will come as disappointing news, but can assure staff that we will continue in our efforts to secure some form of positive outcome,” said KPMG administrator Will Wright.
The department store, which is one of Britain’s oldest having began trading in 1881, reported a £3.1m deficit in the year to March 2019.
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