Poundstretcher is a British value variety store retailer selling products in categories including garden, storage, kitchen, bedding and furniture. Since 2024, it has been a subsidiary of Fortress Investment Group. Retail Week provides news, analysis, features and opinion about Poundstretcher and the value sector.
The restructuring plan of variety retailer Poundstretcher has been approved by the court today (June 12).
Poundstretcher is looking to slash its property costs under a proposed restructuring plan, which it said has been designed to secure the long-term future of the business.
Poundstretcher has made several new appointments to support its future growth ambitions following its purchase by Majestic Wine owner Fortress.
Value retailer Poundstretcher has cut prices by up to 75% on hundreds of selected products in-store as part of its summer sale.
With the value sector remaining popular with UK shoppers, Retail Week teamed up with SimilarWeb to track which discount retailers have been seeing the most traffic to their websites over the past two years
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