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Poundstretcher store in Wincheap, Canterbury, closes down


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Poundstretcher has closed one of its stores in Canterbury.

The budget retailer, which opened in Wincheap back in 2017, has vacated the large unit next to Dunelm.

Poundstretcher in Wincheap has closed down
Poundstretcher in Wincheap has closed down

Details over the firm's departure are not known, yet it comes after the company was served with a notice by more than 60 landlords to vacate stores in September this year.

Poundstretcher demanded rent reductions in a restructuring programme - leading to landlords issuing the "company with a notice to vacate".

While the Wincheap store has closed, the city's other Poundstretcher - on the Marshwood Close Retail Park, off Sturry Road - is to remain open.

The 44,000 sq ft Wincheap site, which was built in 2003, was put on the market last month, with a rental cost of £140,000 per year.

Dunelm is now without a neighbour
Dunelm is now without a neighbour

Despite closing a number of stores nationwide, Poundstretcher is also planning to open new branches.

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