News: Poundstretcher open new Rotherham store
Poundstretcher, the UK's original value store is opening its latest outlet in Rotherham town centre today.
The Huddersfield-based firm operates 400 discount retail stores in the UK, providing variety retailing across an extensive range of products at exceptional prices. It has recently taken over the former Walmsley furniture store on Bridgegate.
It is part of reported plans to open an additional 100 UK stores by the end of this month, with a view to a 900 store portfolio over the next six years. Owned by the Crown Crest Group, Poundstretcher has also recently opened its first overseas store in Dubai. It has a store at Dinnington and operated at Parkgate Shopping under the instore brand.
The value retail sector is becoming increasingly competitive across the UK as shoppers search for a bargain, with Rotherham town centre an evident battleground. Recent analysis by PwC and the Local Data Company showed that whilst Great Britain's multiple retailers closed stores and entered administration, pound shops were one of a handful of business types on the increase, showing an net increase of 13% for 2012.
Payday loans providers, pawn brokers and betting shops were also increasing in numbers on the nation's High Street, again seen in Rotherham with Coral, the latest bookmaker hoping to open another new betting shop after submitting plans to fit out the former Santander Bank on Effingham Street.
Matthew Hopkinson, director of The Local Data Company, said: "The end of 2012 and the beginning of 2013 has seen the most dramatic period on record as companies controlling more than 1,400 shops went into administration.
"Will the discounters, pawnbrokers, charity shops, coffee shops and supermarkets continue to fill a large proportion of these closing stores? Town centres will have to adapt faster than ever before to maintain their attraction to consumers."
Whilst Rotherham follows the national trend, the council is also enhancing the retail offer with support to new businesses and those looking to expand their business in the town. So far 17 grant awards have been made with a further four made through the Street Cafe Grant scheme.
Vintage Dolls will be the latest independent store to open, offering vintage clothing and furniture from a unit within the historic Imperial Buildings.
In the Old Town Hall something else different is taking place in Rotherham. Armies of thousands are being put together but the borough is not planning to invade Barnsley, instead national specialist, Games Workshop has taken a unit for its newest hobby centre.
The business is doing well as it is not a traditional retailer. Instead it focuses on manufacturing fantasy miniatures and using its hobby centres to show customers how to engage with the hobby of collecting, painting and playing with miniatures and games.
It means that they don't need to pay for prime rent shopping locations, evidenced by the fact that the Rotherham centre opened in February following the closure of the Meadowhall centre. The centres also differ from retailers in that they help build a sense of community and comradeship.
Poundstretcher website
Rotherham town centre website
Games Workshop
Images: Poundstretcher
The Huddersfield-based firm operates 400 discount retail stores in the UK, providing variety retailing across an extensive range of products at exceptional prices. It has recently taken over the former Walmsley furniture store on Bridgegate.
It is part of reported plans to open an additional 100 UK stores by the end of this month, with a view to a 900 store portfolio over the next six years. Owned by the Crown Crest Group, Poundstretcher has also recently opened its first overseas store in Dubai. It has a store at Dinnington and operated at Parkgate Shopping under the instore brand.
The value retail sector is becoming increasingly competitive across the UK as shoppers search for a bargain, with Rotherham town centre an evident battleground. Recent analysis by PwC and the Local Data Company showed that whilst Great Britain's multiple retailers closed stores and entered administration, pound shops were one of a handful of business types on the increase, showing an net increase of 13% for 2012.
Payday loans providers, pawn brokers and betting shops were also increasing in numbers on the nation's High Street, again seen in Rotherham with Coral, the latest bookmaker hoping to open another new betting shop after submitting plans to fit out the former Santander Bank on Effingham Street.
Matthew Hopkinson, director of The Local Data Company, said: "The end of 2012 and the beginning of 2013 has seen the most dramatic period on record as companies controlling more than 1,400 shops went into administration.
"Will the discounters, pawnbrokers, charity shops, coffee shops and supermarkets continue to fill a large proportion of these closing stores? Town centres will have to adapt faster than ever before to maintain their attraction to consumers."
Whilst Rotherham follows the national trend, the council is also enhancing the retail offer with support to new businesses and those looking to expand their business in the town. So far 17 grant awards have been made with a further four made through the Street Cafe Grant scheme.
Vintage Dolls will be the latest independent store to open, offering vintage clothing and furniture from a unit within the historic Imperial Buildings.
In the Old Town Hall something else different is taking place in Rotherham. Armies of thousands are being put together but the borough is not planning to invade Barnsley, instead national specialist, Games Workshop has taken a unit for its newest hobby centre.
The business is doing well as it is not a traditional retailer. Instead it focuses on manufacturing fantasy miniatures and using its hobby centres to show customers how to engage with the hobby of collecting, painting and playing with miniatures and games.
It means that they don't need to pay for prime rent shopping locations, evidenced by the fact that the Rotherham centre opened in February following the closure of the Meadowhall centre. The centres also differ from retailers in that they help build a sense of community and comradeship.
Poundstretcher website
Rotherham town centre website
Games Workshop
Images: Poundstretcher
3 comments:
I'm sure there used to be a Poundstretcher on that site years ago
I think you're right.
Yes it was many moons ago - it was on 2 or 3 floors !
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