poundstretcher closing down sale

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Poundstretcher is a chain of discount stores operating in the United Kingdom. Pictured: Head & Shoulders on sale in a department store Poundstretcher moving head office operations from Huddersfield to Leicestershire; Read More Related Articles. POUNDSTRETCHER could close 250 stores as part of restructuring plans putting 2,000 jobs at risk. The retailers’ 5,100 employees were all set to lose their jobs after it went bankrupt… The high street discounter is drawing up plans for a CVA that could be launched within days, Sky News learns. Rent payments plummet at Hammerson shopping centres, but board stays confident; He said the business saw sales of its Cosy Soft toilet roll range triple in the build-up to the lockdown, as families up and down the country panic bought. Pizza Express named its Newport restaurant as one it would not be reopening while Poundstretcher had closing down sale signs plastered all over its windows. Poundstretcher, the high street discounter, has become the latest retailer to kick off a review of its finances despite being one of the few non-food … You can unsubscribe at any time. bull brand extra slim pop-out filter tips 126 x 3 . It emerged last week that Poundworld is considering closing 110 of its 355 shops. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. The three stores will run a big £30m clearance sale till after Christmas. ... Retail and Shopping The retail giant has started closing down sales as it faces an uncertain future. willo1927. Poundstretcher, which was founded in 1981 as one of the UK’s first discounters, has agreed to pay the rent 253 stores for six weeks, but warned the owners that the points of sale could close after that if new bids could not be agreed. DISCOUNT store Poundstretcher is due to shut its store in the Barry Waterfront Retail Park on Friday, September 4. In its latest accounts for the year ended 31st March 2018, Poundstretcher reported sales of £387 million, down 2.5% on the previous year (£397 million). On this page you can see an overview of Poundstretcher opening times in Glasgow. Business-Live revealed earlier this month that the company was on the look-out for potential landlords and agents to support the plans to … The lender initiated foreclosure proceedings on these properties because the owner(s) were in default on their loan obligations. The Scottish retail chain M&Co, fashion retailer New Look and diner chains , Prezzo, Wasabi and Azzurri, the owner of Ask and Zizzi, are also under threat as they urgently seek new investment or big rent cuts from landlords. Thus the CVA seeks to safeguard the long-term future of the business, across a smaller, more sustainable store estate.”. Poundstretcher, the troubled discount store chain, has confirmed that it wants to open 50 new branches – even as dozens of others are closing. Poundworld is the latest high street store hit with the sad news it could be closing down. Sabir Tayub, 48, died after his … Find the actual opening hours of Poundstretcher in Glasgow in our branch locator. Posters have appeared in the windows of Animal in Concorde Street, Cabot Circus, advertising a closing down sale… Professor Joshua Bamfield, director at the CRR, warned these losses were the tip of the iceberg as the government’s job protection scheme begins to wind down from next month and its ban on landlords ending leases ended in September. The store had a huge closing down sale in April 2018 and finally shut in Plymouth in on June 11. The struggling retailer is grappling with landlords to lower rents after the coronavirus crisis put … In June, restructuring firm KMPG said: “One of the UK’s best-known discount retailers, Poundstretcher has suffered from significant impacts to profitability on several fronts over a sustained period, which were then further exacerbated by the impact of Covid-19 on footfall. Those ads you do see are predominantly from local businesses promoting local services. A further 23 stores, trading as Poundstretcher Properties Limited, went into administration. It is based in Deighton, Huddersfield. Profit after taxation declined from £2.1 million to £1.7million. Businesses are struggling after weeks of closure during the high street lockdown and ahead of the unwinding of the government’s furlough scheme designed to protect jobs. Build your career with us! Discount retailer Poundstretcher is closing a store in North Wales. Finding the Perfect Christmas Tree for You. 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