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Thread: Poundworld goes into administration!

  1. #1
    Should Get Out More adamski's Avatar
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    Default Poundworld goes into administration!

    Imagine the clearance sale!

    feel sorry for the 5000+ staff if no buyer can be found though.

    I wonder if this will be another victim of crippling rent and rates?

  2. #2
    Should Get Out More Ant's Avatar
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    Default Re: Poundworld goes into administration!

    They've taken a pounding.

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    Default Re: Poundworld goes into administration!

    100 pennies for their thoughts

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    Really Bored Nordboy's Avatar
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    Default Re: Poundworld goes into administration!

    They're not going to have much in the way of assets are they?? Each store total stock is probably about 100!!!

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    Should Get Out More Noggin's Avatar
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    Default Re: Poundworld goes into administration!

    Do you think they'll be selling stuff at half price? Could do with some 50p shopping on the way home!!

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    Should Get Out More a_morti's Avatar
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    Default Re: Poundworld goes into administration!

    Quote Originally Posted by Ant View Post
    They've taken a pounding.
    Well I'l lb a monkey's uncle.

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    Should Get Out More chillitt's Avatar
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    Default Re: Poundworld goes into administration!

    Quote Originally Posted by Timmy View Post
    100 pennies for their thoughts
    Quid pro quo.

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    Should Get Out More a_morti's Avatar
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    Default Re: Poundworld goes into administration!

    Quote Originally Posted by chillitt View Post
    Quid pro quo.
    Sterling pun

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  11. #9
    Should Get Out More ink ink's Avatar
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    Default Re: Poundworld goes into administration!

    No longer sovlent.

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    Should Get Out More Mussels's Avatar
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    Default Re: Poundworld goes into administration!

    Quote Originally Posted by adamski View Post
    Imagine the clearance sale!

    feel sorry for the 5000+ staff if no buyer can be found though.

    I wonder if this will be another victim of crippling rent and rates?
    Or a victim of the new ownership.

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    Default Re: Poundworld goes into administration!

    pound for pound they are good value

  16. #12
    Should Get Out More adamski's Avatar
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    Default Re: Poundworld goes into administration!

    Quote Originally Posted by Mussels View Post
    Or a victim of the new ownership.
    The founder got out with stacks of pound coins, the new owners thought they could milk it dry, and have done, bone dry!

    I used to deal with the original management, very savvy people, who understood the how and when of making serious cash from low margin, high turn over transactions.

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