Supermarkets
Poundstretcher returns to profit in FY21
The profitability followed a CVA in 2020, where leases were renegotiated, 90 loss-making stores closed, and between 200 and 250 redundancies took place
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/12/1024px-Poundstretcher_Belfast_February_2011-e1544522993812-780x470.jpg?lossy=1&strip=1&webp=1)
Discount retailer Poundstretcher has reported a swing to £30m pre-tax profits in FY21, up from losses of £49.5m the previous year.
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