Thousand jobs to be axed as 80 more Poundworld stores close

Administrators are to close a further 80 Poundworld stores, resulting in 1,024 job losses at the collapsed discount retailer.

Deloitte, which is overseeing the process, has struggled to sell the business as a whole but said the latest raft of closures will not affect a potential deal for the remaining business.

The administrator said discussions with interested parties are ongoing and "will continue to progress" over the coming days.

The 80 stores will all close over the weekend of July 20-22.

It will leave Poundworld with just 230 open branches.