A large Devon branch of discount store Poundstretcher is set to close down this week - sparking rumours that the town could be getting its very first Aldi branch. The UK's original value store! Read More Related Articles. A Poundstretcher store in Caerphilly could be replaced by a gym. The stores of the company are more than 400 nationwide, with more than 5000 items inside, ranging from 49p to £150, being thus of the cheapest stores with an incredible selection of food, garden essentials, homeware and toiletries. 7 heavy duty rubble sacks 50l Poundstretcher is the latest retailer in trouble after Debenhams, New Look, Marks and Spencer and Mothercare as high street crisis continues Barry's Amusements in Portrush is to be sold as a going concern, its owners have announced. Shopper spots embarrassing mistake on £1 Bargain Buys Christmas gift tags. They saw a £3.4million profit turn into a massive £3.5million loss in 2017, signalling troubling times. Poundstretcher, which is closing on East Street in Bedminster on July 31 (Image: Bristol Post). Poundstretcher Bangor's shock announcement "landed" on staff Jilly Beattie. The high street discounter has already closed around 30 stores during lockdown, in some cases permanently where leases have expired, according to a source within the company. In 2018, after Poundworld was shut down, Poundstretcher began to open former stores under the Bargain Buys brand name, which was previously used by the former company. Poundstretcher If you want to go shopping in a store where every single penny counts, Poundstretcher is the right place for you since 1981. Poundstretcher closing down We would like to thank all our loyal customers and the hard-working staff of our Weymouth store Doubts hang over Poundstretcher’s ability to continue as a going concern, the company has said in newly filed full-year accounts. The latest breaking news, comment and features from The Independent. All information about the Poundstretcher nearest store in Burnley including map, address, closing … Poundstretcher in Newport will be closing its doors by the end of the month as part of the company’s nationwide rescue. 16/09/2020. The bargain store will close its doors to customers on Friday (October 17). In its 2019 accounts, the company reported sales of £434 million, an increase of 12 per cent from 2018. Poundstretcher now hopes that KPMG’s review of options will provide measures such as closing unprofitable stores, although it is uncertain whether Tayub is seeking to sell the business. Earlier this year, Poundstretcher entered a company voluntary arrangement (CVA) and warned landlords at more than 250 branches if new rent agreements could not be reached, stores would close. Comments on Poundstretcher - Barry - Barry , Unit 4 , Waterfront Retail Park , Barry POUNDSTRETCHER could close 250 stores as part of restructuring plans putting 2,000 jobs at risk. In July 2020, Hemant Patel, chief of finance division Poundstretcher, has resigned after five years. Johnson refuses to rule out national lockdown as UK death toll rises by 574. Angry driver threatens to kill speed camera man before reversing wrong way down A50. 1.49. I'v just read online that Leicester store is closing and the manager said that all the stores are!! Stop in one of our 450 locations today to find GREAT DEALS! Poundstretcher is reportedly in talks to close a quarter of its UK stores, in a restructuring plan that could place thousands of jobs at risk. Turnover rose 12.2% to £434.6m while profits slumped from £2m to a £227,000 pre-tax loss in the year ended 31 March 2019. 949 were here. "You can see the relief on peoples faces, just to get out the house." ... Christmas chaos and borders closing. Restaurants 2 weeks after reopening The discounter, which has over 800 branches across the UK, has partly blamed a drop in footfall for the need to “hib… The potential closures could impact more than 2,000 of these jobs. ! ⌚ ☎ Click here to find out opening hours of Poundstretcher Unit 2, Church Street, Burnley today. The amusements park opened on the north coast in 1926. An application has been submitted to Caerphilly County Borough Council to convert the store in Castle View shopping centre. Poundstretcher in Chelmsford is set to close this week, but shoppers will not be left disappointed by what is replacing it.. Crown Crest is used as the counterparty by many of Poundstretcher’s suppliers because it has a stronger balance sheet than the on-street retailer. The store had a huge closing down sale in April 2018 and finally shut in Plymouth in on June 11. Poundstretcher has revealed falling turnover and profits for the full year, marking the third consecutive year sales have dropped. Poundstretcher is closing. A wealthy businessman and son of the multi-millionaire owner of budget chain Poundstretcher has been killed in a car crash. However, it registered a loss of £227,000, down from a … POUNDSTRETCHER could close 250 stores as part of restructuring plans putting 2,000 jobs at risk. POUNDLAND is temporarily closing 100 stores due to the coronavirus crisis. Download our App that will help you track it down, besides giving you all the information you need about its opening and closing times. The struggling retailer is grappling with landlords to lower rents after the coronavirus crisis put … What store would you like to see in the unit? Sainsbury's will axe 2,000 jobs across the UK that could also affect Argos Poundstretcher Ltd. 13:35, 6 DEC 2020. Poundstretcher is understood to be looking at closing a quarter of its stores as an outcome of a review of its finances. Poundstretcher has 450 UK stores, employing over 5,500 staff. Newport's Poundstretcher has posted 'closing down' sale signs in its High Street windows, two months after the firm, which has 450 stores across the UK, revealed financial troubles.. The struggling retailer is grappling with landlords to lower rents after the coronavirus crisis put … DOWN-MARKET retailer Brown & Jackson today launched a bargain-basement rights issue offering its shares at just 50p each - half the price in its main brand name, Poundstretcher. :O are you closing down? The copyright for Bargain Buys was claimed by Poundstretcher. Christmas shopping. Chris Edwards, the founder of Poundworld, has stepped down from his role at rival Poundstretcher after just six months.Edwards, 67, was parachuted into the discounter last October in a bid to revive The application says the gym would be staffed from 8am to 10pm on Monday to Saturday and 8am to 8pm on a Sunday. 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