Poundstretcher Negotiates Lower Rents, Avoids Closures
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Poundstretcher, the UKs discount chain, aims to cut property costs by negotiating lower rents from landlords, aiming to strengthen their business long-term without store closures or job losses. Recently acquired by US investment firm Fortress, the company has implemented operational changes and invested in better prices to boost profits amid tough retail times. Despite high street pressures, Poundstretcher is betting on a sustainable comeback through cost-cutting and reinvestment in stores, staff, and customer experience.
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