Poundworld to disappear from high street as final store closures confirmed
20 July 2018, 07:33 | Updated: 20 July 2018, 07:52
The retailer has announced that the remaining stores are to close next month, affecting a further 2,339 jobs.
Poundworld has announced that it will be disappearing from the high street completely after it has been confirmed by Deloitte that the chain is unable to get themselves out of administration.
The budget retailer went into administration in June this year, and promptly shut 145 stores in the hope that it would help.
Despite initially putting 5100 jobs put at risk, the company have now announced that the remaining high street shops will be closing as early as August 10th, increasing the affected staff by a further 2,339.
The Press Association reports that Poundworld will also be shutting its warehouse and distribution network, as well as the head office in Normanton, West Yorkshire, which will result in a further 300 job losses.
It is believed that the collapse of the chain has come from a combination of decreasing footfall, rising costs and 'weak consumer confidence.'
Clare Boardman, joint administrator at Deloitte has announced “We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen.”
ITV has posted a full list of the newly affected store closures, along with the amount of job losses each one brings:
Barnsley (Peel Street) 9
Barnsley (Wombwell Lane) 9
Blyth Pw 7
Bristol Bradley Stoke 13
Colwyn Bay 8
Doncaster Bb 19
Ellesmere Port 12
Hemel Hempstead 10
Manchester Fort 14
Middlesbrough (Hill Street Centre) 17
Middlesbrough (Cleveland Retail Park) 20
Nottingham Lady Bay 15
Paisley Bb 21
Port Glasgow 11
Preston (Corporation Street Retail Park) 10
Preston (St George’s Shopping Centre) 9
St Helens 11
Waltham Cross 10
Washington (The Galleries Shopping Centre) 13
Washington (The Galleries Retail Park) 11
West Ealing 12
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