Axe falls on Lincoln Poundworld

Administrators of Poundworld Retail Limited have confirmed the company will close its Lincoln store for good.

The company had previously announced some closures in recent weeks, but it has not revealed all 335 of its stores will be shut.

Lincoln’s Tritton Road shop had previously been earmarked as safe, however the company has been unable to find a buyer for its remaining stores.

Across the country, all of the retailer’s stores will likely close by August 10, affecting around 2,339 staff.

Poundworld also has three stores in Lincolnshire including at Augustin Retail Park in Grantham, Freshney Place in Grimsby and Foundry Shopping Centre in Scunthorpe.

At the time of writing, it is not known when the Lincoln store will close.