Published: Tue, July 17, 2018
Money | By Ralph Mccoy

Thousand jobs to be axed as 80 more Poundworld stores…

Thousand jobs to be axed as 80 more Poundworld stores…

Poundworld in Shrewsbury town centre and Poundworld Plus at Meole Brace Retail Park are to close.

The 80 stores include the ones in Forster Square and on Darley Street with 47 jobs to go.

The latest lot of closures will be phased throughout next weekend - Friday, July 20 to Sunday, July 22.

This brings the number of branches still open to 230.

But a leaked memo to staff penned by the professional services firm said: 'As previously advised, the administrators have been preparing contingency plans in the event that we are not able to deliver a sale of the business as a whole'.

Amazon Prime Day Problems: Site Crashes As Shoppers Search For Deals
Unlike many other sites, we have chosen not to give too much prominence to Prime Day. We're not certain this is due to the same overload, but it does seem odd .

Liverpool sharpen their attack with the addition of Xherdan Shaqiri
Liverpool legend Steve Nicol has questioned their deal for Stoke City attacker Xherdan Shaqiri . " I'm very happy to be here ". But a number of Liverpool stars are not back yet and will report at a later date following their World Cup involvement.

FCC has 'serious concerns' about Sinclair merger it helped engineer
Sinclair's executive vice president, Barry Faber, didn't return an email and telephone call seeking comment. Jessica Rosenworcel, the lone Democrat on the commission, hailed Pai's decision.

"We would like to thank all the employees for their continued support and commitment during this hard time".

The retailer has 355 stores and employs 5,100 people across the UK.

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

"We are keeping staff appraised of developments as they happen". The Administrators will continue to progress these discussions over the coming days.

"Retailers" problems are caused by a decade of weak growth, new consumer behaviour - buying online but also spending more on experiences, travel and eating out - higher labour costs, uneconomic rents and business rates'. But Mr Smith, the former Willenhall market trader who sold Poundland for £50m with his father in 2002, has not commented on the claims.

Like this: