Jun 20, 2018

Poundworld to start 'closing down' sales

Staff at discount retailer Poundworld have been told "Closing down" sales will start on Thursday. Administrators Deloitte stressed that no stores were "Definitely" closing and that the search for a buyer continued. In a notice to staff posted on Wednesday, Deloitte said Poundworld's trading had been "Difficult for a substantial period of time". While administrators had decided "Closing down sales would commence" it added: "For clarity this does not mean that stores will definitely close." On Tuesday, Deloitte announced 98 redundancies at Poundworld's West Yorkshire head office.

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