The company says it's hoping to keep job losses to a minimum.
Stiff competition from supermarkets is one of the factors to have hit its trading.
The Devon stores are in Exeter, Totnes, Barnstaple and Tiverton.
The full proposals will be released in June.
Arrests made and illegal items seized in drug crackdown
Operation scorpion in Devon
New electric buses launched
Environmental action can also be financially responsible'
New digital transformation for Plymouth health service
Patients and doctors will see all records by logging in
£3 million boost to thwart road damage in Devon
The money will be diverted away from a SEND deficit
Torbay will leave Blue Flag beaches scheme
It will be replaced by its own scheme
Violence in schools 'more prevalent'
One principal said the problem was “multi-faceted”
