Locations of stores to have recently closed, either temporarily or permanently, include St Austell on 11 June, Pembroke Dock on 9 June, Wigan on 10 May, Bletchley on 11 April, and Grimsby on 9 April. Business-Live revealed earlier this month that the company was on the look-out for potential landlords and agents to support the plans to regain a foothold in 2021. In September 2012, the group had 400 stores in the United Kingdom. It was bought out by entrepreneurs Rashid and Aziz Tayub’s Crown Crest group in 2009. First published on Tue 16 Jun 2020 11.45 BST. Poundstretcher is considering closing up to a quarter of its stores following a review of its finances, according to reports. 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 reportedly in talks to close a quarter of its UK stores, in a restructuring plan that could place thousands of jobs at risk. A CVA would put an unspecified number of jobs at risk, with the final number dependent upon the outcome of talks with landlords. Poundstretcher in Newport will be closing its doors by the end of the month as part of the company’s nationwide rescue. The upmarket burger chain Byron, which employs 1,200 at 51 restaurants and French-inspired eatery Bistrot Pierre, which has about 25 outlets … Poundworld is the latest high street store hit with the sad news it could be closing down. Poundstretcher, which is closing on East Street in Bedminster on July 31 (Image: Bristol Post). Bargain retailer Poundstretcher could close over 250 outlets, more than half of its stores, as part of a survival plan. A spokesman for the company confirmed the closure date, but Coalville Nub News is awaiting a statement with further details, including whether store staff are being made redundant. The company is asking landlords and other creditors to approve a creditors voluntary arrangement (CVA), through which it is hoping to cuts rents at 84 stores … Poundstretcher management say they have only closed a handful of shops as they strive to keep the business going during the Covid-19 lockdown. It has 450 stores and employs more than 5,500 people, but faces heavy competition from the likes of B&M, Poundland and Home Bargains as well as the major supermarkets. 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. Poundstretcher recently sought to open 50 new stores despite launching a store closure programme in an effort to cut costs. Poundstretcher joins other stores which have closed at Mill Gate in recent months. It has already closed around 30 stores during the Covid-19 lockdown, in some cases permanently where leases have expired, reports said. 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). Image: James W Copeland / Shutterstock.com No other Poundstretcher stores are operating in Bury. Poundstretcher is considering closing up to a quarter of its stores following a review of its finances, according to reports. Poundstretcher, in Martins Quarter, St Martin's Gate, will close on Friday, August … Despite continuing to trade, Poundstretcher opted not to pay landlords in March. Staff at Poundstretcher say stores across the country are a high health risk and should be closed after describing the working conditions as a “joke.” 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. Industry website The Grocer have reported that discount retailer Poundstretcher are set to close a quarter of its stores after a bleak review of its finances.. Poundstretcher have four stores in Edinburgh and the Lothians. Most of its stores have remained open since the coronavirus pandemic struck Britain, because they sell food and medicines. 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. This week, Travis Perkins announced the closure of 165 stores in the UK. Poundstretcher in Newport will be closing its doors by the end of the month as part of the company’s nationwide rescue. 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. A DISCOUNT chain is closing one of its stores in Bury, with around 13 jobs set to be lost. Sources said the restructuring plan was necessary to rebuild profitability in a torrid retail environment. Profit after taxation declined from £2.1 million to £1.7million. Poundworld UK store closures: Is your local shop closing down? The high street discounter is drawing up plans for a CVA that could be launched within days, Sky News learns. One insider said that if Poundstretcher's board gave the CVA proposal the green light, which was not yet assured, it could be launched as early as Friday. The troubled retailer also has branches in Congleton, ... Christmas chaos and borders closing. Coronavirus: Poundstretcher shops face closure as CVA looms, Poundstretcher stores have largely remained open during the UK lockdown Pic: Poundstretcher.com, Monsoon Accessorize confirmed store closures and job losses on Wednesday as retail adjusts to the pandemic's effects. Poundstretcher Opening Times And Store Locations. Rival Poundworld collapsed two years ago. Their stores are well distributed throughout the UK and can be easily accessed by most of the population, opening and closing times may vary. Poundstretcher's stores are open as normal because the retailer sells cleaning and food products. Who’s Gone Bust in 2020 by Company . The Poundstretcher store in Exeter Street, Plymouth (Image: Google). Poundstretcher is seeking to restructure its 450-strong store portfolio, to stem losses from underperforming outlets, reduce head office costs, and to invest in its core estate and product offering. 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