Bargain store with 350 locations until closed location
SHOPPERS have complained there are ‘so many closures’ as a bargain retailer with 350 locations is set to close a popular store.
Shoppers feared the worst after the Antrim branch of Poundstretcher at Antrim Castle Mall announced a closure sale on Monday.
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Locals expressed their disappointment on social media. One said on Facebook: “There are so many closures in Antrim – Ulster Bank and Post Office.”
Another wrote: “That store has been closed so many times now.”
Local newspaper Antrim Guardian reported that the shopping center where the Poundstretcher store operates has been earmarked for demolition. There are reports that social housing will be built on the site.
Last year the discount chain unveiled a series of closures in the UK.
- Kilmarnock, Scotland
- Romford, England
- Ammanford, Wales
- Leyland, England
- Grantham, England
- St Austell, England
- Penzance, England
- Hinckley, England
- Grimsby, England
- Hatch Warren, England
- Ebbw Vale, Wales
- Cotterridge, England
- Harrow, England
However, the budget chain is also behind ambitious plans to expand across Britain.
The new stores are expected to create 2,000 jobs over the next five years.
The discount chain will open 30 locations in 2022 and has 350 stores nationwide.
It comes as Poundstretcher has also announced it will also give staff a 10% pay rise this year.
The increase applies to everyone who has worked there for more than a year or to approximately 70% of the staff.
In November 2022, Poundstretcher announced that they had exited a two-year CVA (Compulsory Voluntary Arrangement) after repaying creditors at a rate of 12 cents per pound.
The chain entered into a legal settlement in July 2020 to find a way to offload high-rent stores and has now paid off around £13 million of what it owed.