Poundworld closing down sale

Stores launches closing down sales in June

A further 80 Poundworld stores are to close with the loss of 1,024 jobs, administrators for the high street chain have announced.

The 80 are in addition to the 25 already facing closure following a similar announcement earlier this week.

It brings the number of jobs to be axed since the retailer entered administration on 11 June to 1,364, including 98 head office staff on 18 June.

In a similar statement to the one announcing the closure of 25 stores on Tuesday (10 July), administrators Deloitte said discussions were ongoing with parties interested in buying the remaining business, reduced to 230 branches.

Read more: Poundworld: as rivals flourish, what went wrong?

The closure of the 80 stores will be phased from Friday 20 July to Sunday 22 July.

“Whilst we remain hopeful that a sale for part, or parts, of the business can still happen, it has not been possible to sell the business as a whole,” said joint administrator Clare Boardman.

“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.”

Poundworld’s founder Chris Edwards, who sold the variety discounter to current owner TPG Capital in 2015, pulled out of the running last week, saying his best offer had been rejected by Deloitte. He had been looking to buy 186 stores, saving around 3,000 jobs.

Deloitte listed the 80 stores as follows:

LocationRedundancies

Aberdeen

14

Banbury

16

Banbury

13

Bexley Heath

17

Birkenhead

8

Blackburn

13

Bloxwich

13

Blyth Bb

9

Bolton

7

Bolton Breightmet Rp

15

Bootle

11

Bradford

23

Bradford

24

Bristol

12

Bristol

14

Bude

6

Burton Upon Trent

10

Canterbury

15

Cardiff

14

Chelmsford

16

Chester

14

Corby

13

Coventry

20

Coventry

14

Cramlington

15

Dagenham

8

Darlington

13

Dewsbury

7

Fleet

8

Fulham

13

Gateshead

14

Glasgow

12

Gloucester

15

Greenock

12

Grimsby

10

Harlow

14

Harrogate

17

Havant

9

Hinckley

10

Huddersfield

11

Huddersfield

6

Inverness

12

Jarrow

10

Kings Lynn

26

Kirkby

6

Leeds Crown Point

11

Leeds Kirkgate

13

Leeds Kirkstall Rd

12

Leicester

11

Leicester (Bb)

7

Liverpool

15

Livingston

16

Llanelli

13

Llantrissant

11

London Archway

17

Manchester

11

Merry Hill

15

Merthyr Tydfil

13

Middlesbrough

12

Northampton

13

Norwich

10

Nottingham

16

Portsmouth

18

Rotherham Duk

15

Seacroft (Leeds)

10

Selby

7

Sheffield

12

Shepherds Bush

19

Shrewsbury

18

Shrewsbury

10

Slough

12

South Shields

12

Southport

7

St Albans

16

Stocksbridge

10

Sunderland

17

Sutton

10

Swinton

7

Watford

12

Wood Green

17