“The retail trading environment in the UK remains extremely

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canada goose deals Poundworld enters administration officially putting canada goose outlet toronto address 5,100 jobs at risk across 335 storesIs this the end for Poundworld? Budget retailer officially enters administration putting the future of its 335 stores in doubtJames Andrews Editor14:02, 11 JUN 2018Updated14:14, 11 JUN 2018Is another name about to disappear from the high street? (Image: REX) The budget retailer will continue to trade while it looks for a buyer for all or part of canada goose outlet boston the business. There are no redundancies or store closures yet.”The retail trading environment in the UK remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business,” said Clare Boardman, joint canada goose outlet in toronto administrator.”Unfortunately, this has not been possible. We still believe a buyer can be canada goose outlet real found for the business or at least part of it and we are keeping staff appraised of developments as they happen.”We thank all employees for their support at this difficult time.”Is my House of Fraser store closing down? Full list of 31 branches set to shut under huge restructuring plans and whenRead MoreHigh street closures”A difficult decision” Poundworld, which is owned by TPG Capital, has so far failed to sell the retailer as a solvent business.A spokeswoman for TPG said Poundworld deciding to go into canada goose outlet reviews into administration was a “difficult decision”.”We invested in Poundworld because of our belief in how the company serves its customers and the strength of its employees,” she said.”Despite investing resources to strengthen the business, the decline in UK retail and challenging behaviour affected Poundworld significantly.”Poundworld’s losses widened in 2016 17 to million, from million of losses the year before.The retailer was hit with a million charge for onerous leases, a provision retailers make when the cost of a lease is no longer covered by the income of the store.Poundworld offers about 8,000 products, mostly costing including groceries, toiletries, household cleaning and confectionery items.It has 335 stores and its head office and distribution centre in Normanton, near Wakefield in West Yorkshire canada goose deals.


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