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.
Cornwall man handed warning for disturbing dolphins
He encouraged others to do the same
10-storey Exeter student accomodation block planned
Developer wants to demolish old JobCentre
Former nightclub could become student accommodation
180 studio apartments planned for Unit 1
North Devon drug dealer jailed
He used an encrypted app to carry out his business
Investigation launched into glasses theft
More than 30 pairs have been taken
Controversial mega site for 700 Exmouth homes approved
Residents 'gutted'
