High street bargain store Poundworld set to enter administration

Photo Ben Parsons
Photo Ben Parsons

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.