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Preston Poundworld store to be axed

Poundworld to shut Preston store
Poundworld to shut Preston store

One of Preston’s three Poundworld stores is amongst 40 to be closed down by the company, it was announced today.

The shop, believed to be the branch at Deepdale Retail Park, is amongst the latest batch to be axed after the discount firm called in the administrators last month.

They will all shut down on Tuesday July 24, with 531 jobs to go - 18 of those in Preston.

Deloitte confirmed the closures but said talks continue to try and salvage parts of the company.

The latest move comes after 25 stores and 242 redundancies were announced on July 10 and a further 80 stores and 1,024 jobs lost were confirmed on July 13.

Deloitte has said discussions continue between the administrators and interested parties for the potential sale of part, or parts, of the remaining business.

Clare Boardman, joint administrator, said: “We would like to thank all the employees for their continued support and commitment during this difficult time.

“We are keeping staff appraised of developments as they happen.”

At the time the administrators were called in the business operated from 335 stores and employed about 5,100 people.

The latest stores lined up for closure also include: Aberdeen, Ashton Under Lyne, Bangor, Belfast, Blackwood, Bury, Castleford, Chatham, Crystal Peaks, Doncaster, Dunfermline, East Kilbride, Edmonton, Guiseley, Hull, Irvine, Irvine, Kettering BB, Middlesbrough, Newbury, Newcastle, Newport, Newtownards, Perth, Peterlee, Plymouth, Queensferry, Redcar, Robroyston, Rochdale, Rotherham Parkgate, Southend, Southport, St Helens, Sutton, Swindon, Tottenham, West Bromwich and Wigan.

Preston still has two more stores on Corporation Street and in the St George’s Shopping Centre.