High street bargain store Poundworld set to enter administration

Photo Ben Parsons
Photo Ben Parsons
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The high street retailer Poundworld is set to enter administration with up to 5,000 jobs at risk.

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The discount store claims to have started out in 1974 as a market stall in Wakefield and has a distribution centre in Normanton, West Yorkshire.

They have over 350 stores and employ around 7,000 people throughout the UK.