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

A new B&M Express shop is coming

A new B&M Express shop is coming

B&M Express is a retail store that was formed in the year 1978 by Malcom Billington. The store was first referred to as Billington & Mayman before its name was shortened to B&M store.

  • Shop
PetSmart : a new store opens in Whitby

PetSmart : a new store opens in Whitby

Pet lovers in Whitby will be pleased to hear that there is a new superstore now open in the town set to offer everything that their pets need.

  • Shop
Huge New Lidl Comes to Bristol

Huge New Lidl Comes to Bristol

Lidl has opened a massive new supermarket in North Bristol on the site of a former bus depot. Located in Muller Street in Horfield, it will be the German discounter’s 12th store within the Bristol area.

  • Shop
  • Food/Health
London : H&M Home - New Store

London : H&M Home - New Store

H&M have opened a new H&M home branch on Regent Street, London, which looks set to become a favourite spot for those seeking new interior décor.

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