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Is your Poundworld set to close? Retailer to axe 531 more jobs as extra 40 stores set to close

Poundworld stores have started closing down sales. Photo: PA

Poundworld is to close a further 40 stores and axe 531 jobs as the retailer moves one step closer to disappearing from the high street.

Earlier this month, administrators to the bargain chain announced that 105 stores would shut, impacting around 1,200 jobs.

The affected stores will close on Tuesday, July 24.

The latest store closures come as hopes for a rescue of the beleaguered retailer fade.

Poundworld - which employed around 5,100 people at its peak - collapsed last month, but administrators Deloitte have been unable to find a buyer for the retail chain.

Deloitte has said that discussions with potential buyers for “part, or parts of the remaining business” are ongoing.

They also thanked Poundworld employees for "their continued support" and said they would be kept abreast of "developments as they happen".

Poundworld employed around 5,100 people at its peak. Credit: PA

Deloitte has turned down a bid for Poundworld from its founder, Chris Edwards, who was looking to save a raft of stores and safeguard around 3,000 jobs.

Mr Edwards, who founded Poundworld in 1974, was critical of how his offer was received by Deloitte, and said he was “shocked and surprised” that he was turned away.

The founder of rival Poundland, Steven Smith, has also been linked to a bid to salvage part of Poundworld out of administration.

Deloitte has also made 100 people redundant at Poundworld’s head office in Normanton, West Yorkshire.

Poundworld’s collapse came amid falling footfall, rising costs and weak consumer confidence.

The budget retail chain, formerly owned by TPG Capital, is one of a number of retailers to call in administrators this year, with both Toys R Us and Maplin disappearing from UK high streets.

These are the stores which are to close:

  • Aberdeen
  • Ashton
  • Ashton Under Lyne
  • Banbury (Banbury Cross Retail Park)
  • Banbury (Castle Quay Shopping Centre)
  • Bangor
  • Belfast
  • Bexleyheath
  • Birkenhead
  • Birmingham, the Fort Retail Park
  • Blackburn
  • Blackburn
  • Blackwood
  • Bloxwich
  • Blyth Bargain Buys
  • Bolton Breightmet
  • Bolton
  • Bootle
  • Bradford (Darley Street)
  • Bradford (Forster Square)
  • Bradford Ivegate Express
  • Brays
  • Bristol (Avon Meads)
  • Bristol (Channons Hill Retail Park)
  • Bude
  • Burton Upon Trent
  • Bury
  • Canterbury
  • Cardiff
  • Carmarthen
  • Castleford
  • Chatham
  • Chelmsford
  • Chester
  • Chester
  • Corby
  • Coventry (Gallagher Retail Park)
  • Coventry (Lower Precinct)
  • Cramlington
  • Crewe
  • Crystal Peaks
  • Dagenham
  • Darlington
  • Denton DUAL
  • Derby West Field
  • Dewsbury
  • Doncaster
  • Doncaster
  • Dumfries
  • Dunfermline
  • East Kilbride
  • Edmonton
  • Fleet
  • Fulham
  • Gateshead
  • Glasgow
  • Gloucester
  • Greenock
  • Grimsby
  • Guiseley
  • Halifax
  • Harlow
  • Harrogate
  • Havant
  • Hinckley
  • Huddersfield (New Street)
  • Huddersfield (Piazza Centre)
  • Hull
  • Hyde
  • Inverness
  • Ipswich
  • Irvine (Rivergate Shopping Centre)
  • Irvine (Riverway Retail Park)
  • Jarrow
  • Kettering BB
  • Kings Lynn
  • Kirkby
  • Leeds Crown Point
  • Leeds Kirkgate
  • Leeds Kirkstall Rd
  • Leicester Bargain Buys
  • Leicester
  • Liverpool Belle Vale
  • Liverpool
  • Livingston
  • Llanelli
  • Llantrissant
  • London Archway
  • Loughborough
  • Manchester Arndale Express
  • Manchester
  • Merry Hill
  • Merthyr Tydfil
  • Middlebrook
  • Middlesbrough
  • Middlesbrough
  • Newbury
  • Newcastle Wallsend
  • Newcastle
  • Newport
  • Newtownards
  • North Shields
  • Northampton
  • Norwich
  • Nottingham Broadmarsh
  • Nottingham
  • Perth
  • Peterlee
  • Plymouth
  • Portsmouth
  • Preston
  • Queensferry
  • Redcar
  • Robroyston
  • Rochdale
  • Rotherham Parkgate
  • Rotherham
  • Seacroft (Leeds)
  • Selby
  • Sheffield
  • Shepherds Bush
  • Shrewsbury (Meole Brace Retail Park)
  • Shrewsbury (Pride Hill Shopping Centre)
  • Slough
  • South Shields
  • Southend
  • Southport
  • Southport
  • St Albans
  • St Helens
  • Stocksbridge
  • Stretford
  • Sunderland
  • Sutton Coalfield
  • Sutton
  • Sutton
  • Swindon
  • Swinton
  • Tottenham
  • Wakefield
  • Watford
  • West Bromwich
  • Wigan
  • Wood Green