Shoppers clear shelves in huge closing down sale as iconic 90s brand to disappear from high streets – see the full list

Senior Consumer Reporter Adele Cooke reveals shoppers' refund rights:

When a shop goes into administration it means that a business cannot pay for its expenses, debits or other costs and may sell off its stock at a discounted price in order to do so.

Ted Baker stopped taking online orders on August 4 and customers had 14 days from this date to return any clothes or accessories they had bought.

The company is no longer accepting online returns.

If you made a purchase in store then you cannot get a refund but you can exchange items at your nearest Ted Baker store before it closes this evening.

But if you cannot exchange any clothes or accessories in time then you will need to file a claim with the administrators Teneo.

Once you have submitted a claim you will join a list of people who are owed money but there is no guarantee you will get your cash back.

If you made a purchase with a credit or debit card you may be able to make a claim from your card provider, who will be able to explain to you how to do this.

You may be able to submit a Section 75 claim to get your money back if you spent more than £100 but less than £30,000 on one item and paid with a credit card.

If you spent £100 or less and paid with your credit or debit card then you could try to get your money back by making a Chargeback claim.

Although this is not a legal requirement it is a strong rule which allows your card provider to try and get your money back from Ted Baker’s bank account.

Typically you have just 120 days from when you bought an item to submit a claim, so act quickly.

You have until the end of today to spend any gift cards in store but you will not be able to return or exchange anything you buy.

It is no longer possible to use a gift card online as the Ted Baker website is no longer taking orders.

If you do not spend your gift card by closing time today you will need to register a claim with Teneo.

The Sun's business editor Ashley Armstrong explains why so many retailers are shutting their doors.

In many cases, retailers are shutting stores because they are no longer the money-makers they once were because of the rise of online shopping.

Falling store sales and rising staff costs have made it even more expensive for shops to stay open. In some cases, retailers are shutting a store and reopening a new shop at the other end of a high street to reflect how a town has changed.

The problem is that when a big shop closes, footfall falls across the local high street, which puts more shops at risk of closing.

Retail parks are increasingly popular with shoppers, who want to be able to get easy, free parking at a time when local councils have hiked parking charges in towns.

Many retailers including Next and Marks & Spencer have been shutting stores on the high street and taking bigger stores in better-performing retail parks instead.

Boss Stuart Machin recently said that when it relocated a tired store in Chesterfield to a new big store in a retail park half a mile away, its sales in the area rose by 103 per cent.

In some cases, stores have been shut when a retailer goes bust, as in the case of Wilko, Debenhams Topshop, Dorothy Perkins and Paperchase to name a few.

What’s increasingly common is when a chain goes bust a rival retailer or private equity firm snaps up the intellectual property rights so they can own the brand and sell it online.

They may go on to open a handful of stores if there is customer demand, but there are rarely ever as many stores or in the same places.