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Poundworld reveals store closure list

Discount retailer, Poundworld, has issued a list of store closures as its enters administration.

The chain has revealed that its unit at Newbury Retail Park is among those that are at risk.

Poundworld joins the Park's Mothercare store which is on another list of closures revealed recently. While Homebase is another store nearby under pressure.

Administrators Deloitte stress the stores will continue to trade as normal with no redundancies at this time.

It said in a statement: "Like many high street retailers, Poundworld has suffered from high product cost inflation, decreasing footfall, weaker consumer confidence and an increasingly competitive discount retail market.

Image: Richard Says

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