Discount retailer Poundworld is drawing up plans to close up to 100 branches , more than a quarter of its 355 stores , the latest victim of weak sales and rising rents on the UK 's high streets . Like other struggling retailers – New Look , House of Fraser and Target have also recently announced turnaround plans – Poundworld is seeking rent cuts at many of its remaining stores . While Poundland appeared to have enjoyed a robust festive period, with like-for-like sales up 6% in the three weeks to Christmas Day, it too has faced challenges. Many of its estimated 5,500 stores would be at risk if the plan went ahead . Casual dining outlets are also feeling the high street pinch , with restaurant chain Prezzo gaining retailers ' backing to shut scores of outlets .
Discount retailer Poundworld is drawing up plans to close up to 100 branches , more than a quarter of its 355 stores , the latest victim of weak sales and rising rents on the UK 's high streets . Like other struggling retailers – New Look , House of Fraser and Target have also recently announced turnaround plans – Poundworld is seeking rent cuts at many of its remaining stores . Many of its estimated 5,500 stores would be at risk if the plan went ahead . Casual dining outlets are also feeling the high street pinch , with restaurant chain Prezzo gaining retailers ' backing to shut scores of outlets .