Poundstretcher is closing its eight JTF Mega Discount Warehouse stores which it reopened after buying the brand out of administration last year.
The discount chain had reopened a handful of stores and wanted to open another 15 following the acquisition.
However Poundstretcher co-owner and chief executive Aziz Tayub told BusinessLive that taking on big JTF stores with high rates and rents had not fitted in with his Leicestershire-based company’s business model.
