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| Version 1 | Version 2 |
|---|---|
| Poundworld to disappear from the High Street | Poundworld to disappear from the High Street |
| (35 minutes later) | |
| Poundworld has announced the closure of its remaining 190 stores with the loss of 2,339 jobs. | Poundworld has announced the closure of its remaining 190 stores with the loss of 2,339 jobs. |
| The discount goods retailer, which went into administration in June, said the stores would close by 10 August. | The discount goods retailer, which went into administration in June, said the stores would close by 10 August. |
| In total the collapse of the chain, which had 335 stores, will result in the loss of 5,100 jobs. | |
| Administrators, Deloitte, said they would continue discussions with interested parties to try to sell the shops which were still open. | Administrators, Deloitte, said they would continue discussions with interested parties to try to sell the shops which were still open. |
| However, the longer that process continues the less likely it is that a buyer will be found. | However, the longer that process continues the less likely it is that a buyer will be found. |
| Poundworld's head office and warehouse in Normanton in West Yorkshire are set to close on Friday, and 299 jobs will be lost there. | Poundworld's head office and warehouse in Normanton in West Yorkshire are set to close on Friday, and 299 jobs will be lost there. |
| Five things to do with empty retail space | |
| Six reasons behind the High Street crisis | |
| Six shops defying the High Street downturn | |
| The discount chain, founded in 1974, went into administration in early June after struggling with tough competition on the High Street from rivals including Poundland and Poundstretcher. | |
| It was also hit by the fall in the value of the pound after the 2016 Brexit referendum, which has pushed up the price of imported goods. | It was also hit by the fall in the value of the pound after the 2016 Brexit referendum, which has pushed up the price of imported goods. |
| Poundworld is not the only casualty on the UK High Street this year. Squeezed consumer incomes, online competition, rising overheads and too many shops have put pressure on a string of retailers. | |
| Maplin and Toys R Us have both gone into administration. | |
| Other High Street names, including Marks & Spencer, House of Fraser, Carphone Warehouse, New Look and Carpetright, have announced significant store closures. |