Wednesday, June 19, 2019
Poundworld job cuts

242 jobs cut as Poundworld closes 25 stores

Poundworld’s administrators have announced the closure of 25 stores placing hundreds of jobs on the chopping block.
The Original Factory Shop CVA

Jobs at risk as creditors approve The Original Factory Shop’s CVA

The Original Factory Shop has had its CVA approved by creditors, which will see the closure of around 10 per cent of its stores.
Poundland creditors

Poundland founder mulls Poundworld swoop

The founder of Poundland is reportedly considering a return to the high street with a takeover of beleaguered rival Poundworld.

3000 jobs back in danger as Poundworld rescue bid rejected

3000 jobs have been thrown back under risk as Poundworld’s administrators reject a rescue bid from its founder Chris Edwards.
Poundland creditors

Poundworld row escalates as administrators fire back at founder’s accusations

The administrators of Poundworld have shot down accusations thrown at them by the retailer's founder Chris Edwards.
Poundworld founder

Poundworld founder warns time is running out for rescue bid

Chris Edwards has reiterated his desire to safeguard more than half of the retailer's stores but had a warning for administrators
Poundland creditors

Poundworld staff given free sandwiches ahead of store closures

Poundworld staff are reportedly being given free sandwiches ahead of the likely loss of their jobs.
The Original Factory Shop CVA

The Original Factory Shop to shut 32 stores in CVA

The Original Factory Shop (TOFS) has launched a CVA proposal in the latest casualty to hit the high street.
Poundland creditors

Poundworld begins closing down sale with no buyer in sight

Poundworld has started started a closing down sale amid its struggle to find a buyer.

Poundworld: What went wrong (Part II)

Earlier this month, Poundworld officially fell into administration. The Retail Gazette takes a closer look a what went wrong

Feature Resource

The New Age of Consumer Behaviour in Retail 2019 Report

Is retail experiencing a moment of transformation or chaos? The answer to this question depends on who is framing it. Too long has our...