mo4ch:>Poundworld to start 'closing down' sales
Poundworld to start 'closing down' sales
20 June 2018
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Getty Images
Staff at discount retailer Poundworld have been told "closing down" sales will start on Thursday.However, administrators Deloitte stressed that no stores were "definitely" closing and that the search for a buyer continued.Deloitte also said it had appointed retail consultants Hilco to help with the management of the stores.Poundworld, which went into administration earlier this month, has 355 stores and employs 5,100 people.In a notice to staff posted on Wednesday, Deloitte said Poundworld's trading had been "difficult for a substantial period of time".
But while administrators had decided "closing down sales would commence" it added: "For clarity this does not mean that stores will definitely close.""The administrators' strategy remains the same; to continue to trade the business in order to realise the stock whilst seeking to secure a s…
20 June 2018
Image copyright
Getty Images
Staff at discount retailer Poundworld have been told "closing down" sales will start on Thursday.However, administrators Deloitte stressed that no stores were "definitely" closing and that the search for a buyer continued.Deloitte also said it had appointed retail consultants Hilco to help with the management of the stores.Poundworld, which went into administration earlier this month, has 355 stores and employs 5,100 people.In a notice to staff posted on Wednesday, Deloitte said Poundworld's trading had been "difficult for a substantial period of time".
But while administrators had decided "closing down sales would commence" it added: "For clarity this does not mean that stores will definitely close.""The administrators' strategy remains the same; to continue to trade the business in order to realise the stock whilst seeking to secure a s…