Poundworld plans to open 200 new stores in the UK

Poundworld plans to open 200 new stores in the UK


Shop

The discount retailer has announced the opening of a new distribution centre and plans to open at least 200 new stores in the country.

Warehouse construction, store openings and job creation: Poundworld has a big agenda for the next three years. According to Poundworld's announcement, the warehouse construction should be finished by the autumn of 2016. This brand new 524,000 sq ft distribution centre will be located in Normanton, Wakefield, where the retailer already has its head office. Along with it comes the creation of at least 300 new jobs.

A second source of job creation is the 200 new stores that Poundworld plans to open nationwide within the next three years. This will make a total count of 500 locations for the discounter and therefore add 3,500 to 4,000 new employees to its payroll. This expansion projects were revealed after TPG, a US investment company, bought a controlling share of Poundworld for around £150m. "Our new distribution centre will improve efficiency and allow us to offer our customers even more amazing products, increasing the variety in our stores" said Chris Edwards, Poundworld's founder and chief executive.

*Photo: Ian Capper

News written by the team of The-shops.co.uk The-Shops.co.uk

News in the same category

Bank Fashion: last stores will be shutting down in the coming days

Bank Fashion: last stores will be shutting down in the coming days

After 20 years of existence, the clothing chain Bank Fashion is definitely closing its doors, despite all the efforts made. The retailer is the first “after Christmas” victim of this year.

  • Shop
Balenciaga's New Store

Balenciaga's New Store

Luxury fashion house Balenciaga have opened a new store in London on Sloane Street in Knightsbridge. This is their second stand-alone outlet in the UK capital following on from the opening of their boutique in Mayfair.

  • Shop
Luxury Brand Loewe to Open New Bond Street Store in London

Luxury Brand Loewe to Open New Bond Street Store in London

Luxury Spanish brand Loewe is opening a new flagship store in Bond Street in London. Looking to strengthen its presence in the UK, the new outlet will be set over three floors, with 5,380 square feet of retail space.

  • Shop
Waitrose first shop in Leatherhead to open this year

Waitrose first shop in Leatherhead to open this year

It took a long time, but the information is now confirmed: Waitrose is due to open its first store in Leatherhead in 2016.

  • Shop
Poundworld plans to open 200 new stores in the UK