![](\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/11\/pedestrians-pass-poundstretcher-ltd-discount-804862100-1.jpg\")
<\/p>\nA DISCOUNT store with more than 350 branches is to close another one of its stores for good.<\/p>\n
Poundstretcher is gearing up to close its site in Romford, east London.<\/p>\n
<\/p>\n
Signs in the shop window offering discounts to shoppers confirmed that the store is shutting down, according to local media reports.<\/p>\n
An exact date for the closure is yet to be announce and The Sun has contacted Poundstretcher for more information.<\/p>\n
The store opened in 2021, replacing a store left empty by rival discounter B&M.<\/p>\n
The news comes after Poundstretcher revealed that it will also be closing its site in Kilmarnock,\u00a0Scotland.<\/p>\n
It follows a\u00a0wave of Poundstretcher closures this year.<\/p>\n The\u00a0discount retailer closed its branch in Grantham\u00a0in July while pulling down the shutters on its store in St Austell before September.<\/p>\n Meanwhile, the Hawley\u00a0Retail\u00a0Park store in Hinckley shut on July 8, while its Penzance shop in Cornwall closed on July 5.<\/p>\n The Poundstretcher in Churchill Way Retail Park store in Leyland also shut for good back in June.<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n But it's not all bad news for the retailer as it has been expanding on the high street as well.<\/p>\n In February, it revealed\u00a0plans to open 50 new stores by the end of the year\u00a0and opened 30 locations in 2022.<\/p>\n It comes as a number of businesses struggle with shoppers turning their attentions to online retail.<\/p>\n High\u00a0energy\u00a0and wage costs are also forcing retailers to close for good too.<\/p>\n Some have disappeared from the high street completely, including\u00a0M&Co\u00a0and\u00a0Cath Kidston.<\/p>\n Wilko\u00a0and\u00a0Paperchase\u00a0also crashed into administration this year.<\/p>\n But it's not all bad news as a number of retailers, like Poundstretcher, have been expanding their portfolios too.<\/p>\n In July,\u00a0rivals B&M said it would be opening several new branches\u00a0within weeks following a string of closures.<\/p>\n Meanwhile,\u00a0Poundland has plans to open 75 new stores by Christmas, with many popping up in former Wilko sites.<\/p>\n One Beyond, which currently has 107 branches,\u00a0could take on up to 10 former Wilko sites too.<\/p>\n![](\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/11\/closed-empty-shop-town-high-850202598.jpg\"){kind=spacer}
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