Poundworld offering half-price discounts as it edges towards closure

Poundworld on St Peter's Street in St Albans.

Poundworld on St Peter's Street in St Albans. - Credit: Archant

Poundworld in St Albans is offering up to a 50 per cent discounts in a closing down sale.

The discount store chain called in the administrators after a deal to sell the business, which also trades as Bargain Buys, fell through.

The news of its woes came after several other high street stores, including Maplins and Toys R Us, also announced they were closing.

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