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News Archive > General > Poundland closing down its White River Place store

Poundland closing down its White River Place store

By Natasha Swift 1st March 2017

Poundland closing down its White River Place store
CLOSING DOWN: Poundland in White River Place

ST AUSTELL’S second Poundland will be closing down later this month less than a year after opening in White River Place.

Posters have been placed in the windows of the store telling customers: “Sorry we’re closing on Saturday 18th March”.

But a Poundland spokesman told the Voice the closure had been brought forward a week earlier to March 11.

Poundland took over the unit in April last year after buying fellow bargain retailer 99p Store in September 2015 for £55m.

At the time the move was greeted with dismay from residents who said they felt St Austell was being stigmatised once again by being the only place in Cornwall with two Poundlands.

But shoppers said it had come as no surprise as it did not make any sense to have two of the same stores in the town and hoped something better would replace it.

A spokesman for White River Place said: “Following a review of its estate, Poundland has taken the decision to close a number of its stores across the UK, and as a consequence of this review, the branch in White River Place is due to close in mid-March.

“Whilst disappointing, this creates an exciting opportunity and we are in negotiations with a number of leading national retailers about this prime shop unit in the heart of St Austell town centre. We hope to announce our plans for this space in due course.”

By Natasha Swift 1st March 2017

Eddie John 2nd March 2017 13:14
£55 million, seriously ?
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