10 stores have closed, the rest (16) are under control of the administration. No orders can be placed, and telephone sales will cease.
The remaining outlets are still trading publicly in order to sell off the rest of the stock from all the original outlets. They're not ordering any new stock.
http://www.soundonsound.com/news?NewsID=10049
There's a
massive thread on SoS discussing it, too. It has hugely widespread implications and spin-off effects.