The Forum Shopping Centre is currently the location for the first Poundworld store which opened in April, creating 30 jobs and low-end prices at the same time. After the USC shop closed down just one week ago, Poundworld has moved in quickly to expand.
The company has come a long way since being a market stall in Wakefield in the 70’s and with 240 stores across the UK, is one of the many competitors for other pound emporiums such as Poundland and Poundstretcher. The recession-busting shops have become almost synonymous with the British high street over the past 5 years or so.
Spokeswoman Louise Greenwell said: “I can confirm that Poundworld will be opening a new store in Chester at Foregate Street next to Marks and Spencer in October. The store will be run as an additional site and our existing store in the Forum Shopping Centre will remain open.
“Unlike our main rivals, Poundland, which is American private equity owned, we remain 100% family owned to this day, headed up by managing director Chris Edwards and his son and trading director, Chris Edwards Junior.”
Cestrians will be hoping that they will see a bargain or two when the new store does open and with 5000 products available from the likes of Coca-Cola and Cadburys, it’s better than your average pennysaver.
Poundworld confirms it is to open second store in Chester city centre. Read David Holmes story: http://t.co/2YdXawLnsf
— Chester Chronicle (@ChesterChron) September 16, 2014
USC was abruptly closed down amid concerns that the landlord’s rent was “too high” and that it wasn’t viable to stay there long term. Its parent company, Sports Direct, has stated that they are still looking for another space in the city.
“Chesterfield – Packers Row” by www.flickr.com/photos/pauliospictures, license: creativecommons.org/licenses/by/2.0