poundstretcher closing down 2020

Household Essentials Poundstretcher, which is closing on East Street in Bedminster on July 31 (Image: Bristol Post). 949 were here. B&M, which has over 600 shops across the UK, told The Sun it won't be closing any stores during this lockdown. 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). Toilet Roll, Kitchen Roll & Tissues. The potential closures could impact more than 2,000 of these jobs. The copyright for Bargain Buys was claimed by Poundstretcher. Poundstretcher management say they have only closed a handful of shops as they strive to keep the business going during the Covid-19 lockdown. Sabir Tayub, 48, died after his … 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. Three police forces report 2020 rise in drink & drug driving offences. 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.. Profit after taxation declined from £2.1 million to £1.7million. Signs only went up on Friday revealing the closing down sale although it isn't entirely clear exactly when it will shut permanently. 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 Poundstretcher is considering closing up to a quarter of its stores following a review of its finances, according to reports. 873 were here. Stop in one of our 450 locations today to find GREAT DEALS! THE CLOSURE of a town centre retailer would continue a ‘sad’ trend for Whitchurch according to the town’s business chamber. The UK's original value store! Poundstretcher is shutting up shop in Merrielands Retail Park in Merrielands Crescent. Discount retailer Poundstretcher is closing a store in North Wales. In July 2020, Hemant Patel, chief of finance division Poundstretcher, has resigned after five years. 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. Stop in one of our 450 locations today to find GREAT DEALS! Updated: 1 Apr 2020, 11:21 POUNDLAND is temporarily closing 100 stores due to the coronavirus crisis. DISCOUNT store Poundstretcher is due to shut its store in the Barry Waterfront Retail Park on Friday, September 4. July 6 update: Poundstretchers has had its CVA proposal approved. However, it registered a loss of £227,000, down from a £2 million profit the year prior. The CVA put more than half of Poundstretcher's 450-store estate at risk as it seeks rent reductions. Food Wraps & Storage. Doubts hang over Poundstretcher’s ability to continue as a going concern, the company has said in newly filed full-year accounts. Sky News reports a restructuring plan is needed to rebuild the company during a difficult time for a number of businesses. In its 2019 accounts, the company reported sales of £434 million, an increase of 12 per cent from 2018. 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 is reportedly in talks to close a quarter of its UK stores, in a restructuring plan that could place thousands of jobs at risk. The Grocer has reported that Poundstretcher is ‘looking at closing a quarter of its stores as an outcome of a review of its finances’. 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