{"id":68751,"date":"2023-11-19T18:13:48","date_gmt":"2023-11-19T18:13:48","guid":{"rendered":"https:\/\/newcelebworld.com\/?p=68751"},"modified":"2023-11-19T18:13:48","modified_gmt":"2023-11-19T18:13:48","slug":"poundstretcher-shuts-another-store-in-fresh-wave-of-closures-is-yours-on-the-list-the-sun","status":"publish","type":"post","link":"https:\/\/newcelebworld.com\/lifestyle\/poundstretcher-shuts-another-store-in-fresh-wave-of-closures-is-yours-on-the-list-the-sun\/","title":{"rendered":"Poundstretcher shuts another store in fresh wave of closures – is yours on the list? | The Sun"},"content":{"rendered":"

POUNDSTRETCHER have announced another of their stores is closing down, just two years after it opened.<\/p>\n

The store in Ammanford, Wales, will join the long list of stores Poundstretcher are shutting across the UK.<\/p>\n

<\/p>\n

Signs have appeared outside the store's windows offering 20 per cent off everything left in there.<\/p>\n

It is devastating for the staff, especially in the run-up to Christmas.<\/p>\n

The closure of the shop will have a big impact on the Welsh town.<\/p>\n

Opened in 2021, Poundstretcher employed both full and part-time workers and donated \u00a3250 worth of vouchers to Ammanford Foodbank.<\/p>\n

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Numerous retail giants have recently had to shut a number of their stores.<\/p>\n

Wilko has been the most noticeable in recent weeks when they shut all 400 of their stores last month.<\/p>\n

Over the last couple of years, the huge bargain chain has been shutting multiple stores across the UK.<\/p>\n

Despite this Poundstretcher said back in February that they were hoping to open 50 new shops by the end of the year.<\/p>\n

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The retail company had financial difficulties noticeably in March 2022 when 17stores were shut and over 1,000 retail staff were cut.<\/p>\n

It was around this time Poundstretcher's profits had halved – yet, the company was still pushing for an aggressive expansion.<\/p>\n

In July 2020 the store entered a legal arrangement which allowed the business to restructure and continue trading.<\/p>\n

At the time, it closed 500 branches and paid around \u00a313million of what it owed.<\/p>\n

Now, the retailer is closing its stores across the UK and staff like the ones in Ammanford are paying the price.<\/p>\n

Adam Price is the MS for Carmarthen East and Dinefwr and the area in which the closing Poundstretcher is located.<\/p>\n

He told the South Wales Guardian: "I was deeply concerned to learn that the Poundstretcher store in Ammanford will be closing.<\/p>\n

"I understand that there are many pressures affecting businesses at the moment, but this will come as a major blow to staff."<\/p>\n

He added: \u201cRedundancies such as this are never good news, but to come just before the Christmas period will be particularly difficult for staff.<\/p>\n

"I hope that there is an alternative found soon so that staff can be sure of their future."<\/p>\n

Poundstretcher stores that have shut or will shut<\/h3>\n

Poundstretcher have been shutting stores across the UK<\/p>\n