Friday, January 11, 2013

Poundworld cashes in on the demise of Woolworths

Poundworld in Leeds city centre

Poundworld in Leeds city centre. The discount retailer has pledged to create 1,800 jobs. Photograph: Anna Gowthorpe/PA

Like nature, the capitalist microcosm that is the down-at-heel British high street appears to abhor a vacuum.

With Woolworths closed for nearly three years now – and its once-bounteous pick'n'mix troughs little more than a fond, if sickly sweet memory – Poundworld has decided to fill the gap it left behind.

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