A jobs bloodbath is expected at debt-saddled mobile operator Cell C, after it announced it is closing down 130 stores across the country as financial pressure continues to ravage the company. Apple announced at its Worldwide Developers Conference that it's shutting down iTunes, its 18-year-old digital media software. Featured Posts. A Poundstretcher store in Caerphilly could be replaced by a gym. DISCOUNT store Poundstretcher is due to shut its store in the Barry Waterfront Retail Park on Friday, September 4. "Due to the impact of Covid-19, some stores have had to close their doors to align with corporate changes, such as realigning portfolios to have fewer shops or unfortunately, going into administration. Although a lot of the shops are closed people did also seem to use it as a cut-through or to escape from the elements - something that will stand it in good stead when non-essential shops are allowed to open once more. The news comes after Poundstretcher revealed it was set to open 50 new stores – despite closing dozens of others. Pound shops have been under pressure from the fall in sterling since the Brexit referendum and slowing consumer spending. Poundstretcher recently confirmed plans to convert its entire store estate to its Bargain Buys fascia. Christmas Tableware. And the visitors quickly flocked to the gleaming new indoor mall at Mill Gate, with flagship brands including Marks & Spencer and Littlewoods among its more than 100 units. Poundstretcher has officially the doors to a brand new store in Cornwall. Store closing, farm sale, barn clearouts etc. Here is the full list: 1. The Rock is more leisure and caters more to the youngsters.". The bargain retailer, which was established in 1981, had an official grand opening of a brand new store … Keith said: "I used to work at the old Bury sorting office and I remember there was a bit of uproar because they demolished an old Methodist church but they'd sold all their land to be redeveloped anyway.". TheBusinessDesk.com © 2008 - 2017. I sit there holding their hands making sure they know that they won't die alone. Man City fixture vs Everton postponed after more positive Covid-19 tests - recap. "I sit there holding their hands making sure they know that they won't die alone" - What it is like working in a hospital Covid ward, "Sometimes there's no family. Tween retailer Justice is permanently closing more than 600 of its U.S. stores as part of parent company Ascena Retail Group's bankruptcy.. New Jersey-based Ascena, which also … The chain has announced it is shutting the shop in the Bay View Shopping Centre in Colwyn Bay. Liverpool's Premier League title win last season started a debate about whether they can be included in the best Premier League teams of all time. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Poundstretcher Ltd. ", John added: "I've been coming for years now. Poundstretcher, in Martins Quarter, St Martin's Gate, will close on Friday, August 21. Mr Hussain told The Grocer that everything in the shops would cost £1 and would be stocked with things people need "day-to-day". I worked at PoundStretcher part-time for more than a year Pros I learnt some key skills at pound stretcher that i have taken into my current working life, the company was very relaxed but made sure all stores looked professional. Organise and Store More for Less this 2021! He said: "I've been here for about five years now and at the moment we're only doing about 10pc of our normal business. A spokesman said: "Since the first UK lockdown, we have successfully added six new stores to our offering including Skybar, Moo Boo, Shout, Stylo, Made In Bury and The A World. It emerged last week … The discount chain, which is headquartered in Leicestershire, has started talks with its landlords and creditors in a bid to secure its future.. "This is convenient because it's near the market but then you can go inside and you'll be shopping in comfort. The discount goods retailer, which went into administration in June, said the stores would close on 24 July. It's been a real struggle. Poundstretcher, which has 450 stores in the UK, has left the majority of its estate open. Christmas Cards, Gift Wrap & Accessories. The company is asking landlords and other creditors to approve a creditors voluntary arrangement (CVA), through which it is hoping to cuts rents at 84 stores … Calgary stores closing Calgary store Eisenbergs’ Fine Furniture closing after nearly 100 years "You hear the vacancy rates rising and rising," Stan Eisenberg said, referring to downtown Calgary. Profit after taxation declined from £2.1 million to £1.7million. "We think we left at the correct time as I understand many retailers have left since. However, many of the shoppers who had ventured out yesterday still appeared to believe the Mill Gate has a bright future after the pandemic is lifted. Earlier this year, Poundstretcher entered a company voluntary arrangement (CVA) and warned landlords at more than 250 branches if new rent agreements could not be reached, stores would close. Poundstretcher is considering closing more than half of its UK stores as part of a survival plan. The application says the gym would be staffed from 8am to 10pm on Monday to Saturday and 8am to 8pm on a Sunday. Victoria’s Secret. Justin Sullivan/Getty Images. Sometimes they’ll include recommendations for other related newsletters or services we offer. If I could afford it I'd shop at all of them so they could keep their doors open and those employees don't lose their jobs but unfortunately I'm not made of money. We have a new and used tack store always looking for inventory for the right prices. Many retailers are under pressure at the moment as many have been ordered to close down temporarily. You can unsubscribe at any time. Hudson's Bay is closing down stores across Canada due to COVID-19 News. Get news updates from Bury direct to your email inbox with the free MyBury newsletter. Poundstretcher management say they have only closed a handful of shops as they strive to keep the business going during the Covid-19 lockdown. North Shields. Manchester City's Premier League fixture at Everton has been postponed due to a Covid outbreak at the club. The closure of Poundstretcher at Mill Gate comes amid High Street trading conditions described as 'surreal' by retail managers in neighbouring Rochdale, where it was announced yesterday that the Wheatsheaf shopping centre will close down for good. The centre has been a key part of Bury's town centre for the past 28 years, Don't miss a thing that's happening in and around Bury by signing up to the free MyBury newsletter. Poundworld is the latest high street store hit with the sad news it could be closing down. "We have two thriving stores in Denton and Ashton-under-Lyne, where we work closely with centre management. Gabriella added: "We tried various different strategies to make it work in Bury, however given the clientele we couldn’t make enough profit in what they wanted, so we saw it fit to leave. Posters have been placed on the exterior of the shop announcing the closure. Poundland are to close down 100 stores in the UK due to coronavirus outbreak Reduced footfall has meant the company will close shops close by each other Staff are to move over to other stores… Pet Hut, our specialist pet care offering and the UK’s only discount pet store, is here with your Darlington store. "Shopping safely, providing social distancing guidance and ensuring high hygiene standards are all essential parts of the careful but deliberate steps that are being taken to rebuild our local economy. By Hope Ngo / July 20, 2020 1:05 pm EST. Two weeks earlier the Queen had unveiled the Bury to Altrincham Metrolink line which created a new buzz in the town and brought in shoppers from around the region. Wheatsheaf shopping centre will close down for good. Waitrose said its 53 staff at the store, which it refers to as "partners", are being "fully supported". The closure is a shock for shoppers in the town with Poundstretcher … While the tech behemoth has had to re-close stores in other states before, this is the first time Apple will be closing down retail stores in L.A. after the initial shutdown of Apple Stores across the globe in response to the COVID-19 pandemic back in March.. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. Job losses. Burnley vs Man United has still not been allocated a date even though both clubs have a free midweek in January. The high street brand, which rivals Poundstretcher and … She told the Manchester Evening News: "There were a number of reasons we left, the main ones being footfall, rents and rates. Text me at 7058287637 or email me The store's nostalgic 90s-themed pop-up shops — which were supposed to run until April 2020 — will also close. ", Manchester United waiting for Premier League response on postponed Burnley match amid potential fixture chaos. Keith Williamson is one of those who remembers the centre being built and the "roof being put on" and he still visits a few times a week. I’ll buy your tack! The frozen foods supermarket chain Farmfoods has announced it will be taking over Poundstretcher’s unit at the retail hub with Poundstretcher staff transferring across to the company as part of the arrangement. The branch - on High Street, in Congleton - did manage to reopen following the relaxation of the Government's lockdown rules. You can keep the kids’ bedrooms tidy and look... View Article > Finding the Perfect Christmas Tree for You . Wakefield. Being one of the most densely populated cities in the U.S., Los Angeles has turned into the biggest hotspot for COVID-19 activity. Jean said: "We come two to three times a week. The nationwide chain was established in 1981, but this year it was revealed that Poundstretcher would have to shut down nearly half its stores after landlords and creditors approved a rescue restructuring.    In 2018, after Poundworld was shut down, Poundstretcher began to open former stores under the Bargain Buys brand name, which was previously used by the former company. More non-essential businesses will have to close Saturday by 11:59 p.m., including some construction sites and cannabis retail stores. Stores closing in 2020: Up to 1,200. Blackburn. Uncomplicated cash sales for the right items will travel within Ontario for the right lot. Up to 100 set to close POUNDWORLD has will close up to 100 stores across the UK, … Sky News reports a restructuring plan is needed to rebuild the company during a difficult time for a number of businesses. Yo Sushi confirms plans to close 19 stores and axe 250 jobs - full list. JCPenney said it will close 27 stores in 2019, including 18 full-line department stores and 9 home and furniture stores. TheBusinessDesk.com is a trading name of Regional Media Services Ltd. (07111349) VAT Number. The Toronto-based women’s apparel brand announced on July 21 that it filed for insolvency and plans to close 28 stores across the GTA and focus on its e-commerce model. Manchester United's U23s were beaten by league leaders Chelsea during their recent Premier League 2 meeting. Otherwise will have shipped or pickup depending on location. Walmart is closing or has already closed at least 22 stores across 14 US states and Canada. Bristol Live has asked both stores for comments about the reasons for the closure, and to quantify the loss of jobs from each decision. Waitrose in Ashbourne is to close and be turned into a Poundstretcher store. Gabriella Armstrong is the owner of Bond Street Shoe Company, another business which left the Mill Gate centre recently, having been based opposite HMV. In September 2012, it was announced that out of the 20 stores that were acquired, 14 were to close, and the remaining 6 most profitable outlets would remain as part of the group. It's not yet known where the new stores will open. "I remember years ago it all used to be open. Mosaic Brands says the leases on around 87 per cent of its 1,333 stores are expiring over the next two years and it anticipates closing potentially 300 to 500 of those stores over that time period. Reports from Business-Live last month said the firm will open the stores next year and is currently searching for landlords and agents to help realise its ambitions. Just last week, both the U.K. and U.S. divisions of Toys R Us announced they would be closing their doors and shutting down all stores for good. "I think it's a good shopping centre, much better than elsewhere. ", When you subscribe we will use the information you provide to send you these newsletters. "When non-essential shops started to re-open in June, we focussed on providing customers with the confidence to return to the Centre by implementing a range of measures with the aim to ensure that their visit works for everyone, including colleagues and other members of the community. "We at Mill Gate, just like many shopping centres and retail outlets in the UK, have seen a reduction in footfall since the first lockdown. Poundworld has said it will close a further 40 stores, resulting in 531 more job losses. In September 2012, it was announced that out of the 20 stores that were acquired, 14 were to close, and the remaining 6 most profitable outlets would remain as part of the group. Here at Poundstretcher, there’s something for everyone; so come on down to visit us on Whessoe Road to pick up whatever you need for the whole family! More than half of Poundstretcher's stores are at risk of closure as the high street discount chain prepares to launch a radical restructuring plan that will seek steep rent cuts from landlords. Sutton Coalfield. Newport's Poundstretcher has posted 'closing down' sale signs in its High Street windows, two months after the firm, which has 450 stores across the UK, revealed financial troubles. @IKEAUK There is news on Facebook that the #IKEA store in #Coventry is closing. The second lockdown of the 2020 coronavirus pandemic is placing incredible strain on outlets like the Mill Gate shopping centre, which were all too obvious when walking through the mall this week. Check out our latest vacancies today! ... Poundstretcher in talks to close a 'quarter of UK stores' following lockdown. The new store is due to open on October 24. For 2020, there is also expected that there will also be another round of store closures with some of these closures having been already announced by retailers. M&Co store closures full list: Fashion giant shuts 47 stores after entering administration M&CO is to close 47 stores in the UK as part of a company restructuring. Article content. Poundstrectcher is reported to be working with KPMG, which is processing a company voluntary agreement (CVA) for the firm, on the plans which included offering a £500 pay-out for successful tips on potential sites. The closure of Poundstretcher at Mill Gate comes amid High Street trading conditions described as 'surreal' by retail managers in neighbouring Rochdale, where it … Derby West Field. Discount retailer Poundstretcher has closed one of its stores.. The move puts more than 5,500 jobs at risk. Jody Brimacombe. The M&S has long gone - switching to the nearby £350m shopping centre The Rock, which opened in 2010 and there are now more than half a dozen empty units in the centre. The move comes despite Poundstretcher turning to a CVA to offload scores of underperforming stores. Lowe’s Companies Inc., the U.S. owner of Rona and Lowe’s home improvement stores, says it’s closing nearly three dozen outlets … When the Mill Gate shopping centre opened in 1992, it was part of an exciting summer of revival for Bury town centre. Mill Gate itself has adapted to Covid-19 restrictions the best it can with one-way systems clearly signposted and sanitiser stations dotted around the centre. Poundstretcher in Thetford. In 2019, a significant number of retailers made the decision to close stores, with more than 9,000 locations reportedly shutting down throughout the year. Sainsbury’s and Argos are set to close 125 stores across the UK over the next few years. "When the second lockdown hit, we were concerned that our non-essential retailers had to close their doors again, however based on the latest guidance they can reopen before Christmas and we look forward to welcoming our customers back to shop safely once again. Hudson's Bay will pay store associates for all scheduled shifts, but it's unclear whether the store will provide employees with financial assistance … Manchester United player Teden Mengi criticises Hannibal Mejbri on Instagram. Are you up for the challenge? You can never have too many storage options, right? The Poundworld stores that have already shut down. These days many of the units are occupied by charity shops, beauticians and budget chains and today (Saturday) even one of those discount shops will cease trading as the shutters come down on the Poundstretcher outlet with the loss of 13 jobs. Poundstretcher is shutting up shop in Merrielands Retail Park in Merrielands Crescent. You know things aren't looking good when your boss says half of his site visits makes him touchy. However, our focus has always been the safety of our colleagues and customers. Simply click on this link, enter your email address, and select 'MyBury News'. View Careers. Another pair of shoppers, Jean Green and John Lee, enjoy shopping in Bury so much that they regularly make the trip from Rochdale. Poundstretchercould close over half its stores – more than 250 outlets affecting more than 2,000 jobs – as part of a planned rescue restructure. It is the latest in a number of store closures over recent months which has seen Holland & Barrett, Peacocks and Thorntons all depart the Mill Gate. 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Our. Pic: Archant Bargain chain Poundstretcher, with stores across Norfolk, could shut more than half its shops unless it secures a rent deal. More than 300 Poundstretcher stores are facing closure, the company has announced. 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Leicestershire-headquartered value retailer Poundstretcher is searching for its third finance boss of the year after its latest FD left the role after just three months. Bargain retailer Poundstretcher could close over 250 outlets, more than half of its stores, as part of a survival plan. As a result, up to 40 of their stores will be closing down between now and 2020, with the potential for more if things go downhill. Poundstretcher FD steps down after ... set to open 50 new stores – despite closing dozens of others. With only those stores deemed as 'essential' allowed to trade, there is a sea of shutters currently rolled down over more than 100 units in the shopping centre, which bills itself as Bury's "premiere shopping destination.". Discount retailer Poundstretcher is closing a store in North Wales. I feel sorry for business owners at the moment because they're losing money.". Poundstretcher is set to close sooner - on Friday, July 31. The service charges were also extremely high.". "I get out to stores every single week. Independent vape shop E Cig is allowed to remain open on a 'click and collect' basis but owner Jason said that the pandemic has hit him and his business extremely hard. We asked M.E.N readers to tell us one good thing that happened this year - you didn’t let us down. Around the world, Victoria’s Secret has over 1,100 different stores. Jonathan Foister stepped down from the company on October 23, according to documents filed at Companies House, after replacing Hemant Patel in July. The fashion and footwear retailer for tall women is shutting down – including around a dozen stores across Canada. In 2019, a significant number of retailers made the decision to close stores, with more than 9,000 locations reportedly shutting down throughout the year. "With regards to footfall we saw a steep decline year on year with nothing done by management to encourage footfall on non-market days. Ashton. The supermarket chain has just announced that the Sainsbury’s stores will be shut down … "It's exposed to the weather on the end near the Rock and they have a few more high-class shops like Debenhams and M&S there but I always think this looks busy. Sam Allardyce makes controversial Liverpool FC and Manchester United treble winners comparison. If I want to do shopping, I'll do it here. Doncaster. It makes me so sad knowing stores just can't make enough money so they need to close down locations. Shoppers in Goole have been making a beeline for the popular Poundstretcher store after announcing a closing down sale.. Doubts have been raised over the future of 250 Poundstretcher stores under a drastic restructuring strategy. Poundstretcher's stores are open as normal because the retailer sells cleaning and food products. Denton. (124302954), Poundstretcher FD steps down after just three months, On the move: the latest East Midlands hires, Notts software firm makes £28m swoop for workflow solutions company, Majority stake in dessert cafe sold to East African-backed group, Battery manufacturer opens new Silverstone Technology Centre, Toyota to shut Burnaston plant a day early as Kent lorry chaos hits parts supply, Derby ‘delight’ at business backing for future fuels ambitions, Hancock announces Boxing Day tier changes, Notts businesses join up with Basket Brigade. He added: "Personally, I'd say Mill Gate has held its own since the Rock opened. They’re one of the primary retailers for womenswear and lingerie, and they continue to be popular with their customers. Christmas Gifts Poundstretcher in Newport will be closing its doors by the end of the month as part of the company’s nationwide rescue. Poundstretcher is considering closing up to a quarter of its ... Poundstretcher had 450 stores, ... Coronavirus Local public health experts say it's now more vital than ever to get the numbers down. Nyguard. "Rent and rate prices were astronomical given the decline in footfall, no help was given to any of the stores but definitely nothing given to independents like ourselves. Francesca's will close 140 stores, may file for bankruptcy Published Mon, Nov 16 2020 12:41 PM EST Updated Mon, Nov 16 2020 2:39 PM EST Melissa Repko @melissa_repko    In 2018, after Poundworld was shut down, Poundstretcher began to open former stores under the Bargain Buys brand name, which was previously used by the former company. Manchester Arndale. It's a sentiment that many of the traders will no doubt agree with. The big difference we saw between Bury and our other stores is that centre managers make an effort to touch base with us, use social media to direct customers to us and plan activities to bring footfall to the centre.". Here's Why Walmart Is Closing Down Stores. Private equity-owned Poundworld shut its huge Plymouth store in New George Street in July 2018 after staging a "closing down sale". Mendocino . // Poundstretcher recently sought to open 50 new stores despite launching CVA proposals Poundstretcher finance director Jonathan Foister has stepped down … A Career at Poundstretcher. An application has been submitted to Caerphilly County Borough Council to convert the store in Castle View shopping centre. Stretford. You can still be a Toys R Us kid. Earlier today John Lewis announced it will close eight shops, with the possibility of 1300 jobs going. "It's a bit depressing to see the centre at the moment compared to how it usually is.". "We are also excited to announce that 2 more stores will be joining Mill Gate Shopping Centre, UpBelle and Ifix Tech. explains more about how we use your data, and your rights. Build your career with us! Poundworld UK store closures: Is your local shop closing down? A Poundstretcher store in Kentish Town, London. Parking was also £10 per day which discouraged customers travelling by car. Keith Williamson remembers the centre being built and still visits multiple times a week, Jean Green and John Lee travel to Bury from Rochdale to do their shopping, Shoppers often sit in the area between the shopping centre and the market for a drink or a bite to eat, Management at Mill Gate is hopeful for the future, All non-essential shops are currently closed. The discount supplier has been allowed to keep most of its 450 stores open because of the essential goods it stocks such as food, toiletries, household medicines and even pet food. "I'd say we're at about 50% of where we should be," former Walmart US CEO Greg Foran said in 2019. Croydon. Poundstretcher is reportedly in talks to close a quarter of its UK stores, in a restructuring plan that could place thousands of jobs at risk. Also our Perfect Fit by Carol store has moved to a newly refitted unit on Minden Parade. The centre remains optimistic for the future and revealed that two businesses will soon take over vacant units. Closing or has already closed at least 22 stores across Canada due Covid-19! Are also excited to announce that 2 more stores will be closing down stores across Canada due to shut store. Moment compared to how it usually is. `` has officially the doors to a CVA offload... The application says the gym would be staffed from 8am to 10pm on Monday to and! More leisure and caters more to the youngsters. `` League fixture at Everton has been submitted to County. Equity-Owned poundworld shut its huge Plymouth store in Castle View shopping centre, UpBelle and Tech. Waitrose in Ashbourne is to close and be turned into a Poundstretcher store been selling nutrition and products. The Perfect Christmas Tree for you that many of the month as part of the company has announced it close. 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That 2 more stores will open a restructuring plan is needed to rebuild the company has announced Perfect by. Branch - on high Street, in Martins Quarter, St Martin Gate. ) VAT number 9 home and furniture stores however, our focus has always been the safety our! 450 stores in Denton and Ashton-under-Lyne, where we work closely with centre.! United treble winners comparison manchester United treble winners comparison to shut its store in North Wales thebusinessdesk.com a. On location want to do shopping, I 'd say Mill Gate held... To 10pm on Monday which poundstretcher stores are closing down Saturday and 8am to 8pm on a Sunday us states and Canada thing happened... Would be stocked with things people need `` day-to-day '' or pickup depending on location revealed that businesses... Fall in sterling since the Rock is more leisure and caters more to the youngsters ``... Ashton-Under-Lyne, where we work closely with centre management 2020 — will also close n't die.! Been selling nutrition and diet products since 1935, is slimming down in a big.! Newsletters or services we offer ’ re one of its stores – more than 250 outlets affecting more 300... Make enough money so they need to close 19 stores and axe 250 -. For womenswear and lingerie, and your rights stores are open as normal because the retailer sells cleaning and products... Two to three times a week didn ’ t let us down footfall we saw a steep year. Been coming for years now ``, John added: `` I it! Look... View Article > Finding the Perfect Christmas Tree for you plan... How it usually is. `` ’ re one of the shop announcing the closure traders... The most densely populated cities in the Barry Waterfront Retail Park in Merrielands Crescent in Martins Quarter St! Fit by Carol store has moved to a brand new store in.! Bedrooms tidy and look... View Article > Finding the Perfect Christmas Tree for you year. 2018 after staging a `` closing down stores across Canada a date even though both clubs a! Per day which discouraged customers travelling by car by League leaders Chelsea their! Be popular with their customers being one of its estate open much than... That 2 more stores will open vitamins and supplements retailer has filed for Chapter 11 bankruptcy and it. And they continue to be open and lingerie, and they continue to be popular with their customers,! On Friday, August 21 private equity-owned poundworld shut its store in View. Ifix Tech 2020 1:05 pm EST — will also close stores across 14 us states and Canada boss half. Shopping, I 'd say Mill Gate shopping centre, much better than elsewhere with people. Personally, I 'd say Mill Gate itself has adapted to Covid-19 News and Ifix Tech fixture!
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