Poundstretcher wants to open 50 new stores in 2021 – despite CVA and store closures in 2020; Read More Related Articles. Poundstretcher closes this weekend (Image: Manchester Evening News). Their stores provide shoppers with unbelievable selection of value for money items, ranging from 49p up to £150. The ex-boss of Poundstretcher has branded it a “crock of s**t” in a shocking TV documentary. It seems like half of Goole has come down. The company posted a short message on their Facebook page simply stating they have had to shut up shop. The CVA put more than half of Poundstretcher's 450-store estate at risk as it seeks rent reductions. UK News On average, grandparents reported spending nine hours a week caring for their grandchildren in 2020 - up from eight hours in 2019 Inside the £4m mansion with an underground amusement arcade More than 300 Poundstretcher stores are facing closure, the company has announced. The accounts blame falling margins on “sales price pressure” and increasing overheads on factors such as wage inflation. June 11, 2020 . More than 90% of creditors approved the Company Voluntary Arrangement (CVA), which has secured rent cuts of between 30% and 40% for 84 of its 450 stores over the next three years, while around 94 stores will continue to pay … Discount retailer Poundstretcher is set to relocate its warehouse operations from Huddersfield to Leicestershire. Those of us lucky enough to have a garden area can take this opportunity to sit back and unwind, enjoy the fresh air and sunshine, and embrace the outdoors. BREAKING NEWS: Son of the multi-millionaire owner of Poundstretcher chain is killed after his Mercedes crashed into a tree. An application has been submitted to Caerphilly County Borough Council to convert the store in Castle View shopping centre. Poundstretcher could close over half its stores – more than 250 outlets affecting more than 2,000 jobs – as part of a planned rescue restructure.. Turnover surged past the £400m mark at the company behind discount national retailer Poundstretcher during its … The bargain retailer, which was established in 1981, had an official grand … After selling Poundstretcher to Philip Harris, Mr. Appell & Mr. Fearnley acquired control of a failing retail business, United News Shops, which they managed to revitalise. The struggling retailer is grappling with landlords to lower rents after the coronavirus crisis put … By Liz Wells in Industry News 6th July 2020 Discount retailer Poundstretcher has had a major restructuring plan, involving rent cuts, approved by its creditors. A discount retailer with a head office in Huddersfield is moving its warehouse operation out of the town. The latest breaking news, comment and features from The Independent. The move is affecting around 120 warehousing staff who have been told that they can move to Leicester if they wish. The creditors will vote on the CVA on 30 June 2020. Business. Abdul Aziz Tayub, Chief Executive Officer; Paul Mathers, Regional Director; Phil Wynne, Audit Manager; Click on an executive to view his biography > Latest M&A news in Retail. He said: "It is absolutely crazy at Poundstretcher with everyone coming down to grab a bargain. Retail meltdown: Now Poundstretcher is in trouble . Poundstretcher, le discounter de la rue principale, est devenu le dernier détaillant à lancer un examen de ses finances, bien qu’il soit l’une des rares chaînes non alimentaires à poursuivre ses activités pendant le verrouillage au Royaume-Uni. News | Emily Gill - Local Democracy Reporting Service | Published: 09:51, Thursday May 7th, 2020. Poundstretcher Last update: May 8, 2020 Retail United Kingdom (UK) Its 14 main executives. Poundstretcher needs to secure at least 75% creditor approval by value for the CVA for it to proceed. July 6 update: Poundstretchers has had its CVA proposal approved. Poundstretcher, which has a main office and distribution centre at Leeds Road, Deighton, is moving warehousing operations 90 miles to Desford, Leicester. Histoire. [ November 24, 2020 ] Data shows a drop in Thanet’s covid case rates News [ November 24, 2020 ] Offer to join free, 3D workshops with Crate Events [ November 24, 2020 ] Opinion with Seb Reilly: The danger of the coming cold Opinion [ November 24, 2020 ] Thanet Winter Shelter opening celebrated with meal delivery News In March 2008, United News … Turnover surges at Poundstretcher parent but losses widen 1 Apr 2020 Midlands. By Liz Wells in Industry News 16th June 2020 Discount retailer Poundstretcher may have to close around 250 stores if significant rent cuts or holidays can not be agreed on. Poundstretcher to relocate warehouse operations 28 Mar 2019 National. No comments. By Steve Farrell 2020-04-07T11:31:00+01:00. Detailed proposal documents will be made available to creditors via a dedicated website today. Poundstretcher, fondée en 1981 en tant que l’un des royaume-UNI le premier discounters, a accepté de payer le loyer 253 magasins pour six semaines, mais il met en garde les propriétaires que les points de vente pourraient fermer après que si de nouvelles offres pourraient ne pas être d’accord. Doubts hang over Poundstretcher’s ability to continue as a going concern, the company has said in newly filed full-year accounts. 2019 National than 300 Poundstretcher stores are facing closure, the company has said newly! Doors by the end of the company’s nationwide rescue 7th, 2020 the store... Wage inflation, 2020 Retail United Kingdom ( UK ) its 14 main executives doubt as accounts reveal in... 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