Rush on bargains as retailer holds final day sale

Poundworld is among the shops to have shut this year

Beleaguered retailer Poundworld is holding its last day’s trading in Canterbury today.

Shoppers are making the most of last minute deals including up to 70% off on some items as the chain collapses shortly after going into administration.

But barren shelves in parts of the store mean that choices are severely limited.

Sian Addison, 23, from Wife of Bath Hill, said: “I knew they were closely in the coming days and thought I’d pop in to see what I could get.

“But there was so little in the store that all I ended up with were some tissues and crisps.

The Poundworld store in the High Street

“It was a bit of a sorry sight to be honest. I’ve been coming in here since it opened for all sorts of things.”

Poundworld had 335 stores and its collapse will result in the total loss of 5,100 jobs, with the latest round of losses accounting for almost 2,400 of those.

Founded in 1974, the company went into administration in early June after struggling with tough competition on the High Street from rivals including Poundland and Poundstretcher. It has also suffered from decreasing footfall, rising costs and weak consumer confidence.

Deloitte has been handling the administration process and had been looking for last minute buyers for the retailer, but appears to have conceded that it would not be possible.

Clare Boardman, joint administrator at Deloitte, 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.”

All of Poundworld stores will have closed by August 10.

The closure will come just weeks after Tex-Mex restaurant Chimichanga stopped trading from the former Post Office in Canterbury.

Question marks also hang over the heads of such firms as Mothercare and M&S, which also have Canterbury outlets.


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