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

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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