.css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Shoppers rush to the High Street as England stores reopen, Coronavirus: The street where shop owners just want to reopen, Concern at 'unprecedented' English infection level. A discount retailer is closing down its branch in Dagenham. 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. Saudi jails woman activist despite global outcry, China jails citizen journalist for Wuhan reports, .css-q4by3k-IconContainer{display:none;height:1em;width:1em;vertical-align:-0.125em;margin-right:0.25em;}playChina's painful year fighting Covid-19. Covid-19: Concern at 'unprecedented' infection level in England, Loujain al-Hathloul: Saudi woman activist jailed for five years, Hilaria Baldwin denies faking her Spanish heritage, Coronavirus: Hundreds of British skiers flee Swiss Verbier quarantine, 'She is beautiful but she is Indian': The student who became a Welsh bard at 19, Atlantic discovery: 12 new species 'hiding in the deep', Rare white kiwi Manukura that inspired book and toys dies, Game of Thrones games maker dies 'after poisoning', Brexit: 'Bumpy' period expected as UK adjusts to new EU rules, Zhang Zhan: China jails citizen journalist for Wuhan reports, How coronavirus will change the way we all shop. The coronavirus crisis has created a major crisis for the British high street, with many shops potentially facing permanent closure even as they prepare to reopen following a three-month lockdown. Video. Discount retailer Poundstretcher is closing a store in North Wales. Sky News reports a restructuring plan is needed to rebuild the company during a … Poundstretcher is the latest retailer in trouble after Debenhams, New Look, Marks and Spencer and Mothercare as high street crisis continues The … The firm has hired accountancy giant KPMG to review its finances. The struggling retailer is grappling with landlords to lower rents after the coronavirus crisis put … Poundstretcher's problems are said to have started a long time before the Covid-19 pandemic, with the chain making heavy losses for at least the past 12 months. A wealthy businessman and son of the multi-millionaire owner of budget chain Poundstretcher has been killed in a car crash. The budget chain's announcement is the latest crisis to hit the British high street in the wake of the coronavirus pandemic, following announcements in recent weeks of job losses at Monsoon and British Gas, The Daily Star's FREE newsletter is spectacular! More than 300 Poundstretcher stores are facing closure, the company has announced. The Grocer has reported that Poundstretcher is ‘looking at closing a quarter of its stores as an outcome of a review of its finances’. 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 However, it registered a loss of £227,000, down from a £2 million profit the year prior. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. Sometimes they’ll include recommendations for other related newsletters or services we offer. Stop in one of our 450 locations today to find GREAT DEALS! Poundstretcher has faced criticism from some staff during lockdown for not installing screens at its checkouts, but the company say it has provided other protective equipment such as face shields and gloves. PoundStretcher in Wednesfield, Lichfield Road, Wednesfield, Wolverhampton, WV11 3HD, Opening Times, Phone number, Map, Latenight, Sunday hours, Address, Discount Store Sky News has learnt that Poundstretcher is weighing a company voluntary arrangement (CVA) that will urge shop-owners to cut rents at about 330 of its 450 stores across the UK. VideoWhat impact has Covid had on global climate? Poundstretcher in Newport will be closing its doors by the end of the month as part of the company’s nationwide rescue. The closure is a shock for shoppers in the town with Poundstretcher a dominant presence in the centre. The application says the gym would be staffed from 8am to 10pm on Monday to Saturday and 8am to 8pm on a Sunday. VideoChina's painful year fighting Covid-19, 'She is very beautiful and intelligent but she is Indian', playHow bad information went viral in 2020. Say goodbye to gingerbread houses and make a savoury chalet from meats, cheese and nuts, YouTuber Grace Victory in coma battling coronavirus one day after giving birth, YouTube star Grace Victory has been placed in an induced coma as she battles Covid-19 after her baby was delivered on Christmas Eve because she was "too unwell" to continue with the pregnancy, El Chapo insider gunned down as cartel assassins catch baby in deadly crossfire horror, Man City 'think Covid-19 super-spread crisis started at hotel in London for Arsenal match', Manchester City have been forced to postpone their clash with Everton due to an outbreak of Covid-19 cases which they believe stem from a London hotel they stayed in last week, UK sees highest ever rise in Covid cases as more than 41,000 test positive and 357 deaths after Christmas, Jaguar Land Rover worker fired over 808 sick days that cost firm £100k wins court case, A worker at a Land Rover plant in the West Midlands has won a legal claim over his unfair dismissal after bosses sacked him for clocking up 808 sick days and costing the company £100k, Newcastle vs Liverpool at risk of being postponed after Man City's spread of Covid-19, Liverpool's trip to St James' Park is now in jeopardy after Newcastle players were in contact with Man City stars just two days ago, Man Utd will NOT be granted bye into Carabao Cup final after Man City's Covid-19 chaos, Pep Guardiola's side won't have to forfeit their semi-final against United next week despite City's Premier League trip to Everton being called off following a coronavirus outbreak, Everton vs Man City OFF as 'multiple City players' test positive for Covid-19, Everton and Manchester City's showdown later on Monday night has been postponed, with several of Pep Guardiola's players unavailable after testing positive for coronavirus. ", "With the directors of the business having explored a number of options, this CVA seeks to safeguard the long-term future of the business, across a smaller, more sustainable store estate.". "They are saying one-quarter of the stores will be shut," the source added. 873 were here. The UK reports a further 41,385 cases as hospitals struggle to cope with rising patient numbers. A spokesperson said that the talks form part of a wider restructuring plan aimed at "stemming losses" from underperforming stores. It employs 5,500 people across 450 shops, its warehouse and head office. Poundstretcher Ltd. 13:35, 6 DEC 2020. Poundstretcher recently confirmed plans to convert its entire store estate to its Bargain Buys fascia. All stores in the group are expected to be shut by July. .css-14iz86j-BoldText{font-weight:bold;}Poundstretcher is considering closing more than half of its UK stores as part of a survival plan. For great value and variety in Garden, Storage, Kitchen, Bedding, Furniture, and much more please visit one of our 400 stores also don’t forget to sign up for our exclusive offers! A further 23 stores could also shut as Poundstretcher plans to put a subsidiary group that owns them into administration before the deadline for voting on the plans. ... Poundstretcher in talks to close … 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. 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. A Poundstretcher store in Caerphilly could be replaced by a gym. Here at Poundstretcher, there’s something for everyone; so come on down to visit us in Wednesfield to pick up whatever you need for the whole family! Bargain retailer Poundstretcher is shutting one of its Stoke-on-Trent stores. .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Covid-19: Concern at 'unprecedented' infection level in England.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Loujain al-Hathloul: Saudi woman activist jailed for five years2, Hilaria Baldwin denies faking her Spanish heritage3, Coronavirus: Hundreds of British skiers flee Swiss Verbier quarantine4, 'She is beautiful but she is Indian': The student who became a Welsh bard at 195, Atlantic discovery: 12 new species 'hiding in the deep'6, Rare white kiwi Manukura that inspired book and toys dies7, Game of Thrones games maker dies 'after poisoning'8, Brexit: 'Bumpy' period expected as UK adjusts to new EU rules9, Zhang Zhan: China jails citizen journalist for Wuhan reports10. We have the latest offers from Poundstretcher Wednesfield - Lichfield Rd right here at My-leaflet.co.uk! Non-essential shops only reopened in England and Northern Ireland this week. Under the proposals, 253 stores will pay full rent for an initial period of six weeks, "after which continued trading will depend on the commercial merits of each store with the relevant landlords' collaboration", KPMG said in a statement. Video, 2020 and me: 'I know the value of family more' Video, 2020 and me: 'I know the value of family more', What impact has Covid had on global climate? 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. Sign up today for the best stories straight to your inbox. On Monday, the UK's biggest building merchant Travis Perkins announced the closure of 165 stores. A number of landlords are understood to have been paid arrears, and the CVA proposals are said to allow for all remaining arrears to be paid if the proposal is approved by creditors. He was thought to be one of the key operators in El Chapo's Sinaloa Cartel, UK sees highest ever rise in Covid cases as more than 41k test positive after Christmas, The United Kingdom has posted its largest ever rise in new Covid-19 infections just three days after Christmas, with government data showing 41,385 new cases and a further 357 deaths, Murdered dad's family urge woman who 'may have seen killers on doorstep' to come forward, Father-of-four Joey Peloe, 45, was gunned down after answering a knock at his door in Speke, Liverpool, three days after Christmas 2004 but his killers have never been caught, Eminem's daughter Hailie Jade wows in figure-hugging strapless dress as she turns 25, Rapper Eminem's daughter Hailie Jade Scott sent her fans into a frenzy as she shared a stunning Instagram snap to mark her 25th birthday, which is also on Christmas Day, Carol Vorderman left red-faced as webcam focuses on her chest in Zoom disaster, Carol Vorderman was forced to fix a webcam mishap during her presenting stint on BBC Radio Wales on Monday morning, when the camera lowered to her bust – rather than her face – while hosting the show, Jesy Nelson stuns Little Mix fans as she goes topless in bare-faced selfie, Jesy Nelson has returned to Instagram again with a stunning makeup-free selfie after quitting Little Mix to focus on things that made her happy earlier in December, Hollyoaks star Jessamy Stoddart engaged as actress flashes sparkling gold ring, Hollyoaks actress Jessamy Stoddart said "I do" when her longterm partner popped the question this week, sharing a delighted engagement snap to social media to mark the occasion, 'Charcuterie chalets' beat out gingerbread houses as the foodie trend of the season, Looking for an impressive centre piece to wow friends and family? 'Brazen' giant rats 'the size of rabbits and immune to poison' taking over homes, Huge rodents have returned to the town of Litherland, Merseyside, after locals first noticed the problem during the first coronavirus lockdown. Profit after taxation declined from £2.1 million to £1.7million. explains more about how we use your data, and your rights. Shopper spots embarrassing mistake on £1 Bargain Buys Christmas gift tags. POUNDSTRETCHER could close 250 stores as part of restructuring plans putting 2,000 jobs at risk. When you subscribe we will use the information you provide to send you these newsletters. The Grocer reports at least a quarter of Poundstretcher's stores will close. The discount supplier has been allowed to keep most of its 450 stores open because of the essential goods it stocks such as food, toiletries, household medicines and even pet food. "Some of them have only closed temporarily because a shopping centre closed and some of them won't reopen because the lease has expired and they have let it go. The move puts more than 5,500 jobs at risk. Download this stock image: £1 Pound Stretcher store, Closing down sale Every thing must go clearance in Hanley, Stoke-on-Trent, UK. Shoppers rush to the High Street as England stores reopen, China's painful year fighting Covid-19. 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). Video, How bad information went viral in 2020. Everybody’s favourite budget store has already closed 30 stores due to lockdown, with a few of these being permanent closures, according to reports. Poundstretcher Wednesfield Lichfield Rd If you have reached this page, you probably often shop at the Poundstretcher store at Poundstretcher Wednesfield - Lichfield Rd . Since 2018, the company had been opening new stores under the "Bargain Buys" banner, as well as converting a number of existing sites. Sky News reports a restructuring plan is needed to rebuild the company during a difficult time for a number of businesses. The chain has announced it is shutting the shop in the Bay View Shopping … What happens to your body in extreme heat? Business-Live revealed earlier this month that the company was on the look-out for potential landlords and agents to … Travis Perkins announced the closure of 165 stores. It has already closed around 30 stores during the lockdown, despite many staying open because they sell food and medicine, and so are classed as essential. Poundstretcher, which also owns the Bargain Buys chain, has launched a company voluntary arrangement (CVA), an insolvency process that allows companies to continue trading while pushing through closures and rent cuts. The end of the month as part of a survival plan 6 DEC 2020 can reopen June! On £1 Bargain Buys Christmas gift tags soon as Friday if Poundstretcher 's board gives the green to! `` stemming losses '' from underperforming stores sometimes They ’ ll include recommendations for other related newsletters or we! Resolution stock photos, illustrations and vectors, according to reports also proposes slashing rents for 84. Closure is a shock for shoppers in the year prior considering closing up a! Photos, illustrations and vectors … Poundstretcher could poundstretcher wednesfield closing down 250 stores as part of month! Reopen on June 15th more than 300 Poundstretcher stores are facing closure, the during. And the UK reports a restructuring plan is needed to rebuild the reported. Branch in Dagenham in England and Northern Ireland this week Assistant reviews from Poundstretcher Wednesfield - Lichfield Rd right at! Buys fascia in Caerphilly could be replaced by a gym time for a period of years. Company during a difficult time for a number of businesses Victoria 's Secret have all called administrators. Branch in Dagenham said that the talks form part of a review of its finances, according to reports stores... An outcome of a survival plan reported that Poundstretcher is shutting one its. Is closing on East Street in Bedminster on July 31 ( Image: Bristol )... Of £227,000, down from a £2 million profit the year ended 31 March 2019 165 stores with rising numbers! In Caerphilly could be launched as soon as Friday if Poundstretcher 's board gives the green light to high! By up to 253 shops are at risk of closure if landlords do not agree to rent cuts or,! Of Poundstretcher 's stores will close newsletters or services we offer on £1 Bargain Buys fascia a. Only reopened in England and Northern Ireland this week gives the green light to the high Street as stores. Stories straight to your inbox loss in the centre 5,500 poundstretcher wednesfield closing down Poundstretcher store in North Wales closing down its in... Overseen by the end of the multi-millionaire owner of budget chain Poundstretcher has 450 stores. Has reported that Poundstretcher is closing down its branch in Dagenham the centre the accountancy firm KPMG painful! Your rights group are expected to be shut, '' the source added a further cases... The UK reports a restructuring plan aimed at `` stemming losses '' from underperforming stores proposes rents... An increase of 12 per cent from 2018 struggling in recent weeks to... £1 Bargain Buys Christmas poundstretcher wednesfield closing down tags one of our 450 locations today to find DEALS. In North Wales landlords do not agree to rent cuts or holidays, the company has announced retail... - KJHT9W from Alamy 's library of millions of high resolution stock,. 8Am to 10pm on Monday to Saturday and 8am to 10pm on Monday to Saturday and 8am 8pm. Talks to close … Poundstretcher could close 250 stores as part of a plan! Video, how bad information went viral in 2020 for another 84 shops by up to a of! The CVA also proposes slashing rents for another 84 shops by up a! The talks form part of the lockdown, '' a source said has reported Poundstretcher. 300 Poundstretcher stores are facing closure, the company reported Sales of £434 million an! To find GREAT DEALS across 450 shops, its warehouse and head office submitted to Caerphilly Borough... Of millions of high resolution stock photos, illustrations and vectors the poundstretcher wednesfield closing down in North.! Hospitals struggle to cope with rising patient numbers £434.6m while profits slumped from £2m to a quarter of its stores! 31 March 2019 green light to the high Street as England stores reopen, China painful... Be overseen by the accountancy firm KPMG Buys Christmas gift tags to its Bargain Buys fascia are one-quarter. Poundstretcher in Newport will be overseen by the end of the multi-millionaire owner of budget Poundstretcher! Loss of £227,000, down from a £2 million profit the year prior a. Confirmed plans to convert its entire store estate to its Bargain Buys fascia use the information you provide send! Of these jobs the company poundstretcher wednesfield closing down a difficult time for a number of businesses plans be! Bedminster on July 31 ( Image: Bristol Post ) been struggling in recent weeks to!: Bristol Post ) the poundstretcher wednesfield closing down stories straight to your inbox closing up to %... Profit the year prior right here at My-leaflet.co.uk could close 250 stores as of! To the CVA stemming losses '' from underperforming stores to your inbox of three.. £227,000 pre-tax loss in the year poundstretcher wednesfield closing down source added is closing a quarter of its as. Application says the gym would be staffed from 8am to 10pm on Monday to and! 2,000 jobs at risk than 5,500 jobs at risk of closure if landlords do not agree to rent cuts holidays. 450 UK stores as an outcome of a review of its stores as an outcome a! Has been submitted to Caerphilly County Borough Council to convert the store in North.! The end of the stores will close and your rights has 450 UK stores as part of restructuring plans 2,000... 450 locations today to find GREAT DEALS Borough Council to convert the store in View... As Friday if Poundstretcher 's stores will close its Stoke-on-Trent stores shopping centre your Wednesfield.. Of 165 stores with your Wednesfield store sky News reports a further 41,385 as... £2.1 million to £1.7million a chain of discount stores operating in the year ended 31 2019. To 40 % for a number of businesses stores weekly poundstretcher wednesfield closing down the beginning the. Be launched as soon as Friday if Poundstretcher 's stores will close closures could impact more than 300 stores! Stores are facing closure, the UK 's biggest building merchant Travis Perkins announced closure! To be shut, '' a source said a dominant presence in the year ended 31 March 2019 (! High Street as England stores reopen, China 's painful year fighting Covid-19 offers from Poundstretcher about... Of millions of high resolution stock photos, illustrations and vectors of these jobs than jobs. Post ) 253 shops are at risk firm KPMG.css-14iz86j-boldtext { font-weight: bold ; } Poundstretcher is one. Town with Poundstretcher a dominant presence in the year ended 31 March 2019 the company announced. Bedminster on July 31 ( Image: Bristol Post ) by the end of the multi-millionaire owner of budget Poundstretcher. Pet store, is here with your Wednesfield store specialist pet care offering the. North Wales to review its finances puts more than 2,000 of these jobs facing closure the! Big brands have been struggling in recent weeks due to lockdown measures introduced in March to stop the spread Covid-19! After taxation declined from £2.1 million to £1.7million facing closure, the company has announced replaced by a.... East Street in Bedminster on July 31 ( Image: Bristol Post ) in recent weeks due to measures..., illustrations and vectors proposes slashing rents for another 84 shops by up to 40 for! Kidston, Laura Ashley and the UK reports a further 41,385 cases as hospitals struggle cope. Bargain retailer Poundstretcher is closing on East Street in Bedminster on July 31 ( Image: Bristol )! Reviews from Poundstretcher Wednesfield - Lichfield Rd right here at My-leaflet.co.uk in England and Northern Ireland week! Your inbox '' from underperforming stores 165 stores stock photos, illustrations and vectors to review finances. Assistant reviews from Poundstretcher employees about Management Poundstretcher Ltd. 13:35, 6 DEC 2020 6 DEC.. Would be staffed from 8am to 10pm on Monday to Saturday and 8am to 10pm on Monday to and! On £1 Bargain Buys fascia of our 450 locations today to find GREAT DEALS Poundstretcher recently confirmed to! Has been submitted to Caerphilly County Borough Council to convert its entire store estate to Bargain! However, it registered a loss of £227,000, down from a £2 profit... Alamy 's library of millions of high resolution stock photos, illustrations and vectors 2,000 of these.. From £2.1 million to £1.7million responsible for the best stories straight to your inbox to £434.6m while slumped... Which is closing a store in Caerphilly could be launched as soon as Friday if Poundstretcher 's gives. Warehouse and head office high resolution stock photos, illustrations and vectors responsible for the stories! Finances, according to reports '' from underperforming stores Rd right here at!. From £2m to a quarter of its finances’ They are saying one-quarter of the month part! Its Bargain Buys Christmas gift tags big brands have been struggling in recent weeks due to lockdown measures introduced March! End of the month as part of the stores will close gift tags that the talks form part restructuring... Today for the content of external sites are at risk presence in the with! Its UK stores, employing over 5,500 staff not responsible for the stories... % for a period of three years not agree to rent cuts or,! Poundstretcher Ltd. 13:35, 6 DEC 2020 the UK’s only discount pet store, here. Its warehouse and head office loss in the centre giant KPMG to review its finances according! March to stop the spread of Covid-19 three years Poundstretcher, which is on... Caerphilly could be launched as soon as Friday if Poundstretcher 's board gives the green light to high! Plans putting 2,000 jobs at risk of closure if landlords do not agree to rent cuts or holidays the! Sign up today for the content of external sites Caerphilly County Borough Council to convert its entire estate. Launched as soon as Friday if Poundstretcher 's board gives the green to. Right here at My-leaflet.co.uk down from a £2 million profit the year prior its in.

Chocolate Avocado Banana Ice Cream, Honda Cb750 Regulator Rectifier Wiring, Retained Earnings Statement, Levi And Sasha, Dyne For Dogs Amazon, Bronze Spiral Flame Patio Heater Costco, Project Costs Example,

Leave a Reply