The retail chain Mothercare Ireland has been placed into liquidation with the loss of almost 200 jobs.
The company says it has taken "the difficult decision" as the directors can no longer see a viable future for the business.
Mothercare has been in Ireland since 1992, operating 14 shopes across Cork, Drogheda, Dublin, Dundalk, Galway, Limerick, Newbridge, Portlaoise, Sligo and Tralee.
It employs 197 people.
The firm says it had already experienced issues with its supply chain before the impact of COVID-19, and is forecasting substantial losses this year alone.
The British arm of Mothercare went into administration last November.
However Irish stores were unaffected by this, as they operated as a franchise.
The Irish operations of Mothercare successfully exited examinership back in October 2015.
Mothercare Ireland managing director Jonathan Ward said: "When COVID-19 began to spread in Ireland no one knew the scale of the impact that this would have.
"I think it’s also fair to say that three months on we are still unsure as to the extent and the duration that COVID-19 will be a factor in our lives.
"The impact on our business to date is unprecedented and what has become clear over the recent weeks is that store sales are going to continue to be seriously impacted in the short term whilst social distancing measures are in place and longer term as consumer habits permanently change."
He added: "As a family business, it is devastating news for the entire team.
"Whilst we’ve tried to keep our teams as up to date as possible through these challenging times, it’s still a huge shock.
"I’d like to personally thank all our loyal management and staff for their dedication and service to our customers over the years.
"We’d like to acknowledge also the support of our customers, who have trusted us to look after their little ones for three generations, and to all our suppliers who have worked alongside us over the last 28 years."
