JJB Sports, with two Swindon shops, said negotiations which might have led to its takeover have ended.
JJB said on October 1 that it had received a possible takeover bid, reported to be by the private equity firm Cinven.
The news came on the same day JJB unveiled interim pre-tax profits of £21.5 million, down from £24.2 million.
The firm blamed unseasonably wet weather for poor sales of summer clothing.
Shares in the firm fell 50p to 194p on news that the bid talks had ended.
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