Poundworld stores in Ashton, Denton and Hyde to close for good this Sunday
Tuesday 10th July 2018 @ 14:02 by Tom Greggan
Ashton Business Denton & Audenshaw Hyde Tameside

Tameside is to lose three Poundworld stores this weekend as administrators continue to find a buyer for the struggling discount retailer.

25 stores are to close nationally, resulting in 242 job losses, including stores in Ashton, Denton and Hyde.

The stores’ last day of trading will be this Sunday, July 15th.

Deloitte’s Clare Boardman, joint administrator to Poundworld, said: “Whilst we remain hopefully that a sale for part of the business can still happen, it has not been possible to sell the business as a whole, resulting in today’s announcement.

“We would like to thank all the employees for their continued support and commitment during this difficult time.  We are keeping staff appraised of developments as they happen.”

Poundworld was placed into administration on June 11th and has failed to find a buyer, with two potential deals falling through.

Commenting on the closure of the Denton store, Andrew Gwynne MP said: “The announcement from administrators for Poundworld that their Denton store is to close is yet another sign of how weak the retail sector is right now.

“For now, my thoughts are with the staff and their families and I hope a solution is found soon.

“I’ve recently spoken to British Land, owners of Crown Point who tell me of their plans to renew the M&S and Poundworld unit into several smaller shops, which they say they have had expressions of interest in. I really hope this happens soon.”

As another big high street name edges closer to liquidation, Ashton MP Angela Rayner says Britain needs “real action” to prevent more jobs being lost. “Recent shop closures are another sad sign that this Tory Government has failed to support the retail industry, the country’s largest industrial sector and a major local employer in Ashton,” she said.

“21,000 retail jobs have already been lost across the country and I have been helping constituents facing unemployment as a consequence. Ultimately, we need a government that supports industries and creates decent local jobs.

“That’s why we’ve been calling on ministers to publish a retail sector strategy backed by real action to save Britain’s high streets and prevent even more jobs being lost.

“The next Labour government will support retail by investing in skills, creating a retail sector council and working with unions and management to ensure that these jobs are safeguarded.”

Stalybridge and Hyde MP Jonathan Reynolds was equally critical of the government and said changes are needed to revitalise town centres. He added: “This is the latest in a series of grim announcements for our High Streets and Town Centres. I think the Government need to look urgently at business rates but they also need to give Council’s more powers to redesign our Town Centres.

“As trade goes increasingly online we need more leisure and residential use in town centres, but that’s not easy to deliver. In Hyde we haven’t even got the power to limit the number of betting shops. If we want Town Centres to survive – and I think they are essential to local identity and local employment – then things need to change quickly.”