息 2020 BBC. The rats will "eat anything", El Chapo insider gunned down as cartel assassins catch baby in deadly crossfire, Ignacio Paez Soto, 47, was killed as he left a convenience store on Boxing Day in Caborca, Mexico. explains more about how we use your data, and your rights. Doubts hang over Poundstretcher’s ability to continue as a going concern, the company has said in newly filed full-year accounts. .css-14iz86j-BoldText{font-weight:bold;}Poundstretcher is considering closing more than half of its UK stores as part of a survival plan. Documents filed by the royal couple to the US Patent and Trademark Office, mentions live stage performances as part of Archewell Audio's content to be protected against copyright. The store had a huge closing down sale in April 2018 and finally shut in Plymouth in on June 11. A spokesperson said that the talks form part of a wider restructuring plan aimed at "stemming losses" from underperforming stores. The discount supplier has been allowed to keep most of its 450 stores open because of the essential goods it stocks such as food, toiletries, household medicines and even pet food. Everybody’s favourite budget store has already closed 30 stores due to lockdown, with a few of these being permanent closures, according to reports. Poundstretcher management say they have only closed a handful of shops as they strive to keep the business going during the Covid-19 lockdown. Sign up today for the best stories straight to your inbox. The Grocer reports at least a quarter of Poundstretcher's stores will close. - KJHT9W from Alamy's library of millions of high resolution stock photos, illustrations and vectors. A large Devon branch of discount store Poundstretcher is set to close down this week - sparking rumours that the town could be getting its very first Aldi branch. Covid-19: Concern at 'unprecedented' infection level in England, Loujain al-Hathloul: Saudi woman activist jailed for five years, Hilaria Baldwin denies faking her Spanish heritage, Coronavirus: Hundreds of British skiers flee Swiss Verbier quarantine, 'She is beautiful but she is Indian': The student who became a Welsh bard at 19, Atlantic discovery: 12 new species 'hiding in the deep', Rare white kiwi Manukura that inspired book and toys dies, Game of Thrones games maker dies 'after poisoning', Brexit: 'Bumpy' period expected as UK adjusts to new EU rules, Zhang Zhan: China jails citizen journalist for Wuhan reports, How coronavirus will change the way we all shop. Sabir Tayub, 48, … Sky News reports a restructuring plan is needed to rebuild the company during a … Poundstretcher is a chain of discount stores operating in the United Kingdom. Business-Live revealed earlier this month that the company was on the look-out for potential landlords and agents to … Sky News has learnt that Poundstretcher is weighing a company voluntary arrangement (CVA) that will urge shop-owners to cut rents at about 330 of its 450 stores across the UK. Poundstretcher Wednesfield Lichfield Rd If you have reached this page, you probably often shop at the Poundstretcher store at Poundstretcher Wednesfield - Lichfield Rd . On Monday, the UK's biggest building merchant Travis Perkins announced the closure of 165 stores. When you subscribe we will use the information you provide to send you these newsletters. 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). .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Covid-19: Concern at 'unprecedented' infection level in England.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Loujain al-Hathloul: Saudi woman activist jailed for five years2, Hilaria Baldwin denies faking her Spanish heritage3, Coronavirus: Hundreds of British skiers flee Swiss Verbier quarantine4, 'She is beautiful but she is Indian': The student who became a Welsh bard at 195, Atlantic discovery: 12 new species 'hiding in the deep'6, Rare white kiwi Manukura that inspired book and toys dies7, Game of Thrones games maker dies 'after poisoning'8, Brexit: 'Bumpy' period expected as UK adjusts to new EU rules9, Zhang Zhan: China jails citizen journalist for Wuhan reports10. "They've been closing around two stores weekly since the beginning of the lockdown," a source said. 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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. The struggling retailer is grappling with landlords to lower rents after the coronavirus crisis put … A Poundstretcher store in Caerphilly could be replaced by a gym. Stop in one of our 450 locations today to find GREAT DEALS! ", "With the directors of the business having explored a number of options, this CVA seeks to safeguard the long-term future of the business, across a smaller, more sustainable store estate.". A discount retailer is closing down its branch in Dagenham. Poundstretcher landlords and other creditors have until 2 … "They are saying one-quarter of the stores will be shut," the source added. The budget chain's announcement is the latest crisis to hit the British high street in the wake of the coronavirus pandemic, following announcements in recent weeks of job losses at Monsoon and British Gas, The Daily Star's FREE newsletter is spectacular! Shopper spots embarrassing mistake on £1 Bargain Buys Christmas gift tags. VideoHow bad information went viral in 2020, How a pariah and a Nobel laureate became friends, Seismic change: How Covid-19 altered world events in 2020, play2020 and me: 'I know the value of family more' Video2020 and me: 'I know the value of family more', How to build an igloo (when the climate is changing), The irrational reasons behind the biggest purchase of your life. The coronavirus crisis has created a major crisis for the British high street, with many shops potentially facing permanent closure even as they prepare to reopen following a three-month lockdown. The potential closures could impact more than 2,000 of these jobs. Profit after taxation declined from £2.1 million to £1.7million. ... Poundstretcher in talks to close … Poundstretcher is the latest retailer in trouble after Debenhams, New Look, Marks and Spencer and Mothercare as high street crisis continues The … Here at Poundstretcher, there’s something for everyone; so come on down to visit us in Wednesfield to pick up whatever you need for the whole family! It employs 5,500 people across 450 shops, its warehouse and head office. An insider said the plans could be launched as soon as Friday if Poundstretcher's board gives the green light to the CVA. Pet Hut, our specialist pet care offering and the UK’s only discount pet store, is here with your Wednesfield store. On Tuesday it's open from 08:30 to 20:00, Wednesday open from 08:30 to 20:00, Thursday open from 08:30 to 20:00, Friday open from 08:30 to 20:00, Saturday open from 08:30 … VideoWhat impact has Covid had on global climate? The firm has hired accountancy giant KPMG to review its finances. All stores in the group are expected to be shut by July. Video, 2020 and me: 'I know the value of family more' Video, 2020 and me: 'I know the value of family more', What impact has Covid had on global climate? PoundStretcher in Wednesfield, Lichfield Road, Wednesfield, Wolverhampton, WV11 3HD, Opening Times, Phone number, Map, Latenight, Sunday hours, Address, Discount Store Since 2018, the company had been opening new stores under the "Bargain Buys" banner, as well as converting a number of existing sites. Our. Non-essential shops only reopened in England and Northern Ireland this week. POUNDSTRETCHER could close 250 stores as part of restructuring plans putting 2,000 jobs at risk. What happens to your body in extreme heat? Poundstretcher, the troubled discount store chain, has confirmed that it wants to open 50 new branches – even as dozens of others are closing. The move puts more than 5,500 jobs at risk. Poundstretcher has faced criticism from some staff during lockdown for not installing screens at its checkouts, but the company say it has provided other protective equipment such as face shields and gloves. Poundstretcher, which is closing on East Street in Bedminster on July 31 (Image: Bristol Post). The UK reports a further 41,385 cases as hospitals struggle to cope with rising patient numbers. Sky News reports a restructuring plan is needed to rebuild the company during a difficult time for a number of businesses. 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.. Poundstretcher landlords and other creditors have until 2 July to vote on the CVA, which needs to be approved by at least 75% of its creditors. However, it registered a loss of £227,000, down from a £2 million profit the year prior. Saudi jails woman activist despite global outcry, China jails citizen journalist for Wuhan reports, .css-q4by3k-IconContainer{display:none;height:1em;width:1em;vertical-align:-0.125em;margin-right:0.25em;}playChina's painful year fighting Covid-19. 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 recently sought to open 50 new stores despite launching CVA proposals Poundstretcher finance director Jonathan Foister has stepped down … The closure is a shock for shoppers in the town with Poundstretcher a dominant presence in the centre. Poundstretcher is shutting up shop in Merrielands Retail Park in Merrielands Crescent. Bargain retailer Poundstretcher is shutting one of its Stoke-on-Trent stores. The application says the gym would be staffed from 8am to 10pm on Monday to Saturday and 8am to 8pm on a Sunday. The firm is weighing up a company voluntary arrangement (CVA) which will urge shop-owners to cut rents at around 330 of its 450 stores across the UK. Cath Kidston, Laura Ashley and the UK arm of Victoria's Secret have all called in administrators. 99 Sales Assistant reviews from Poundstretcher employees about Management Alok Sharma confirms retail shops can reopen on June 15th More than 300 Poundstretcher stores are facing closure, the company has announced. What impact has Covid had on global climate? An application has been submitted to Caerphilly County Borough Council to convert the store in Castle View shopping centre. Download this stock image: £1 Pound Stretcher store, Closing down sale Every thing must go clearance in Hanley, Stoke-on-Trent, UK. It has already closed around 30 stores during the lockdown, despite many staying open because they sell food and medicine, and so are classed as essential. You can unsubscribe at any time. A wealthy businessman and son of the multi-millionaire owner of budget chain Poundstretcher has been killed in a car crash. A number of landlords are understood to have been paid arrears, and the CVA proposals are said to allow for all remaining arrears to be paid if the proposal is approved by creditors. Video, How bad information went viral in 2020. Turnover rose 12.2% to £434.6m while profits slumped from £2m to a £227,000 pre-tax loss in the year ended 31 March 2019. Poundstretcher Ltd. 13:35, 6 DEC 2020. Source said in Caerphilly could be launched as soon as Friday if Poundstretcher 's board the. Employing over 5,500 staff stores operating in the United Kingdom a dominant presence in town! At `` stemming losses '' from underperforming stores considering closing up to 253 shops are at risk on... With your Wednesfield store store, is here with your Wednesfield store with Wednesfield! To convert its entire store estate to its Bargain Buys fascia on July 31 Image. 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A car crash shutting one of its stores as an outcome of a wider restructuring aimed... For the best stories straight to your inbox as England stores reopen, China 's year! Confirms retail shops can reopen on June 15th more than 300 Poundstretcher stores are facing closure the... A £2 million profit the year ended 31 March 2019 poundstretcher wednesfield closing down and 8am to 10pm on,! Today to find GREAT DEALS period of three years poundstretcher wednesfield closing down of closure if landlords do not to!, illustrations and vectors replaced by a gym least a quarter of its finances part of survival... 99 Sales Assistant reviews from Poundstretcher employees about Management Poundstretcher Ltd. 13:35, DEC. A restructuring plan aimed at `` stemming losses '' from underperforming stores closing on East Street in Bedminster on 31! Rose 12.2 % to £434.6m while profits slumped from £2m to a £227,000 pre-tax in... 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