Poundstretcher vows not to cut stores or jobs as it launches restructure

Poundstretcher has over 300 stores and 3,000 staff across the UK (Poundstretcher/PA) -

Poundstretcher has revealed plans to ask landlords to slash rents across its store estate as it looks to secure its long-term future, but insisted it is not shutting shops or cutting jobs.

The discount retailer, which has over 300 stores and 3,000 staff across the UK, said the restructure will focus on its property, with aims to reduce rents and other costs linked to shops.