Details of Poundworld store closures in and around Tameside
In our last edition of The Ashton Review of Shops there was reference to Poundworld’s troubles and as to which branches are closing.
At this moment in time, 25 branches are set to close with the loss of 242 jobs. 24% of the store closures are situated in Greater Manchester; 12% of which are in the Tameside area alone. In Tameside, the affected branches are as follows:
- Ashton-under-Lyne: Staveleigh Way, Ladysmith Shopping Centre;
- Denton: Worthington Way, Crown Point North;
- Hyde: Howard Place, Clarendon Mall.
The Denton branch on Crown Point is a dual Poundworld Plus/Poundworld unit whereas both Staveleigh Way and Clarendon Mall units are standard Poundworld stores. All three branches will be vacated after Sunday 15 July.
From Monday, any business from Ashton’s Staveleigh Way store will be transferred to Poundworld Plus on Warrington Street. This will be Tameside’s sole outpost of the Poundworld empire.
Also closing in Greater Manchester are branches in Manchester Arndale Centre, Stretford Arndale, and Middlebrook Retail Park. In Manchester city centre it is clear that Poundworld have favoured Piccadilly Plaza over Manchester Arndale. The Longford Mall (Stretford Arndale in old money) is in the midst of refurbishment, a move which will include partial demolition of the shopping precinct.
For the time being, Poundworld’s branches in Rochdale (Yorkshire Street) and Kingsway Retail Park (Poundworld Plus) are not affected. Neither are Poundworld’s stores in Middleton, Oldham, and Stockport.
Prior to being in the hands of administrators Deloitte, the Poundworld chain was owned by TPG Capital, a private equity group. In the last month, previous bids to save the chain’s 335 stores have been rejected. One came from founder Chris Edwards who aimed to safeguard 3,000 jobs. Another came from the founder of Poundland. 100 people have been made redundant from their head office in Normanton.
S.V., 12 July 2018.