Poundstretcher’s store roll-out continues with Coventry launch

Poundstretcher is set to open in Coventry as the discount retailer pushes ahead with its ambitious store roll-out plan.

The store, to be branded Bargain Buys, will launch at the Cannon Park shopping centre on Lynchgate Road next week.

Poundstretcher’s goal is to launch 94 stores by April 2019 to take the total number of sites nationwide to 470.

More than 65 of which have been launched this year.

Harris Lamb secured a 10–year lease on the 5,761 sq ft store and fit-out is underway to ensure a pre-Christmas opening.

David Walton, head of retail for Harris Lamb, said: “What Poundstretcher has achieved in 2018 is absolutely phenomenal. The business has completed more than 75 refits this year, with more in the pipeline as it aims to reach the 470-store milestone by next April.

“This particular store is an ideal site for the business, being located in a popular shopping centre within the city that benefits from high levels of footfall. There are a number of complementary retailers, and as with its most recent launches, we wanted to secure an opening date pre-Christmas.”

Gerry Loughran, property director, added: “Having now almost completed its 2018-19 plans, the business has set its sights on opening an additional 120 stores across the UK from April 2019 to March 2020 – a substantial number of which have already been identified, the main drivers for the rapid expansion is the shift to selling more everyday products and reducing prices to customers.

“All of this will be under our exciting new trading fascia Bargain Buys.”