Poundworld

Poundworld was a general merchandise retailer that sold most of its items for £1.

The chain, based near Wakefield in West Yorkshire, went into administration in June 2018 and closing Sales began in stores later that month. After rescue talks with original founder Chris Edwards failed the retailer shuttered all of its 335 stores by August 10, 2018.

Poundworld blamed its collapse on high product cost inflation, decreasing footfall, weaker consumer confidence and an increasingly competitive discount retail market.

The business was originally founded by Edwards and his father on a Wakefield market stall in 1974 before the first Poundworld shop opened in 2004. The chain sold 8,000 product lines, mostly priced at £1, including groceries, toiletries, household cleaning products and confectionery.

poundworld

Latest news and insight on Poundworld from Retail-Week.com

Explore other companies

Advertisement