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

BiBoVino, the wine merchant that says goodbye to bottles

BiBoVino, the wine merchant that says goodbye to bottles

It is no use looking for a bottle of wine in BiBoVino stores, as bottles have simply been replaced by Bag-in-Boxes (BiB) of 3 or 5 litres. However, the store makes a point of selecting quality wines.

  • Shop
  • Way of consumption
Homebase to Close One of its Nottingham Stores in December

Homebase to Close One of its Nottingham Stores in December

Homebase is set to close its store at Queen’s Drive, Nottingham, at the end of trading on the 14th December 2018.

  • Shop
Asda to test the first 24/7 Click-and-Collect pod this month

Asda to test the first 24/7 Click-and-Collect pod this month

Asda announced two weeks ago the opening of their first 24/7 Click-and-Collect point in St Helen. It's not only Asda's first one, its simply the first in the whole country. And it's intelligent.

  • Shop
  • Way of consumption
555 Thomas Cook Shops are Re-opening in the UK

555 Thomas Cook Shops are Re-opening in the UK

The UK has seen the demise of a number of high profile high street names in recent years- the likes of Woolworths and BHS come to mind – but in the autumn of 2019, perhaps the most emotional to date is the collapse of Thomas Cook.

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