Poundworld announces 40 more closures at a loss of 531 jobs

07/17/2018

High street chain Poundworld is to axe a further 40 stores at a loss of hundreds more jobs.

On Tuesday afternoon, administrators Deloitte said 531 workers have been informed of redundancy – with all stores earmarked set to shut on Tuesday 24 July 2018.

The announcement follows 25 closures so far – which included 242 job losses earlier this month.

Last week, bosses also revealed 80 more are to close affecting 1,024 workers.

These branches are set to shut by 22 July – you can view the list of stores affected, here.

Today, the number soared to 145 stores UK wide – affecting many small, regional high streets.

It comes on top of 100 head office redundancies which came to light just weeks after the firm announced it was seeking a buyer in June.

Despite the changes – and Poundworld launching its ‘closing down sale’ – bosses claim it’s not the end for the retailer. Deloitte – which is managing the firm during its difficult period said efforts to find a buyer are still at ‘development’ stage.

Clare Boardman, joint administrator, said: "We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen."

Clare Boardman and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to the Company on 11 June 2018.

At the time of appointment, the business operated from 335 stores and employed circa 5,100 people.

Locations of newly affected stores

Aberdeen

Ashton Under Lyne

Bangor

Belfast

Blackwood

Bury

Castleford

Chatham

Crystal Peaks

Doncaster

Dunfermline

East Kilbride

Edmonton

Guiseley

Hull

Irvine

Kettering BB

Middlesbrough

Newbury

Newcastle

Newport

Newtownards

Perth

Peterlee

Plymouth

Preston

Queensferry

Redcar

Robroyston

Rochdale

Rotherham Parkgate

Southend

Southport

St Helens

Sutton

Swindon

Tottenham

West Bromwich

Full list of Poundworld stores closing this week

Aberdeen

Banbury

Bexley Heath

Birkenhead

Blackburn

Bloxwich

Blyth Bb

Bolton

Bolton Breightmet Rp

Bootle

Bradford

Bristol

Bude

Burton Upon Trent

Canterbury

Cardiff

Chelmsford

Chester

Corby

Coventry

Cramlington

Dagenham

Darlington

Dewsbury

Fleet

Fulham

Gateshead

Glasgow

Gloucester

Greenock

Grimsby

Harlow

Harrogate

Havant

Hinckley

Huddersfield

Inverness

Jarrow

Kings Lynn

Kirkby

Leeds Crown Point

Leeds Kirkgate

Leeds Kirkstall Rd

Leicester

Leicester (Bb)

Liverpool

Livingston

Llanelli

Llantrissant

London Archway

Manchester

Merry Hill

Merthyr Tydfil

Middlesbrough

Northampton

Norwich

Nottingham

Portsmouth

Rotherham Duk

Seacroft (Leeds)

Selby

Sheffield

Shepherds Bush

Shrewsbury

Slough

South Shields

Southport

St Albans

Stocksbridge

Sunderland

Sutton

Swinton

Watford

Wood Green

The Poundworld stores that have already shut down

Doncaster

North Shields

Wakefield

Stretford

Sutton Coalfield

Ashton

Blackburn

Manchester Arndale

Denton

Derby West Field

Nottingham Broadmarsh

Grays

Middlebrook

Chester

Newcastle Wallsend

Bradford Ivegate

Birmingham

Crewe

Halifax

Liverpool Bell Vale

Loughborough

Ipswich

Carmarthen

Dumfries

Hyde

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