It’s the end of the Worlds as pound shops fold
Thursday 5th February 2009, 11:30AM GMT.
POUND WORLD will soon be no more.
The chain, which closed its Town store at the end of last year, is shutting its remaining shops in both Jersey and Guernsey.
Owner Martin Cottier blamed the credit crunch.
‘We ran out of money, it’s as simple as that,’ he said. ‘I feel absolutely terrible. We thought that moving from Town would help, and for a while it did, but we were 30% down compared to last January. It shocked us.’
Liquidators were called in after a meeting last week. Mr Cottier said he had been advised to close down or the shops would be trading fraudulently.
The timing of the closure would be determined by the liquidators.
‘The credit crunch is the only thing I can put it down to,’ he said.
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Amazing that in the UK Pound World are doing better than ever. Perhaps the Guernseyman/woman is too posh to shop here?!!
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I find it shocking that in the middle of the credit crunch, a shop that sells every item for £1 goes under?! Having used the shop – I know that some items are not the highest quality, however a lot of it was good value!!
So what now?! Cheap shops like Poundworld & Woolworths go under & now we have to shop at more expensive stores when we all have less money?!
Everyone is short of money so where is it all going exactly?!
I blame Jersey!! It must be their fault – the whole world is coming down thanks to Jersey!!
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On a serious note, I feel for the staff – Pound World didn’t exactly promote itself as a store that offered it’s shop operatives the chance to learn and develop a range of transferrable skills…
Random Customer 1:
‘How much does this cost mate?’
Shop assistant 1:
err.. £1
Random Customer 1:
‘and this?’
Shop assistant 1:
‘errr… Ken, how much is this bottle of ‘Older Spice’ (clearly not the original brand),
Shop assistant 2:
err… £1 mate
Now imagine those same gentlemen working within a maybe slightly higher class of employer / Company like say… Aladins Cave. How will those poor fellows cope when the question comes from another customer, as it unquestionably will, again;
Random Customer 2:
‘How much does this cost mate?’
I’ll tell you how they’ll cope, by having a breakdown!!
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