Jul 17, 2018
Poundworld to close 40 more stores
Poundworld has said it will close a further 40 stores, resulting 531 more job losses. The discount goods retailer, which went into administration in June, said the stores would close on 24 July. Poundworld had already announced plans to close 105 of its 335 stores, having failed to strike a rescue deal. Poundworld went bust in early June after struggling with tough competition on the High Street from rivals including Poundland and Poundstretcher. Poundworld employed about 5,100 people before it went into administration and around 1,800 redundancies have been announced since then.
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