Staff of Paul Simon will lose their jobs, after the company went into administration on Friday.
The home furnishings retailer will close both the Luton and Dunstable stores over the next three weeks.
The affected stores employ 137 members of staff, Luton will lose five employees and Dunstable will lose eight.
Lee Manning and Nick Edwards were appointed joint administrators of Paul Simon (London) Limited on Wednesday, April 2.
Following a review of the business’ financial position, 17 of the 50 outlets will close.
Last week, they made 28 members of staff redundant in the head office, warehouse and factory.
Lee Manning, said: “As part of the review of Paul Simon’s financial position, we have analysed the store portfolio and identified 17 loss making stores for closure. This step has been taken to enhance the prospect of securing a sale of all or part of the remaining business as a going concern.
“We have received strong support from staff at Paul Simon and the joint administrators are very grateful for their continuing commitment during this difficult period.”
There will be a sale in affected stores, with large discounts.