A HUGE bargain retailer is rewarding customers with thousands of vouchers worth £10 this weekend.
To help Brits battling the ongoing cost of living crisis, the competition is being rolled out in every store in the country.
Poundstretcher will be giving away a voucher every hour across each of its 305 stores this Saturday and Sunday.
The winner will be chosen at random at the tills and announced on in-store radios.
“The cost of living crisis remains difficult for households and families up and down the country,” said Poundstretcher chief executive officer Andy Atkinson.
“I’m pleased we’re continuing to help customers save money with outstanding deals, thousands of lower prices and by giving them the opportunity to win free £10 vouchers in all our stores this weekend.”
Poundstretcher is also running a buy one get one free offer on over 100 household cleaning products this week.
Shoppers can pick up Flash, Surf, Domestos and Persil-themed items as part of the deal.
The bargain discounter is also offering free Suet Shop Suet Berry and Mealworm Blocks to customers who purchase a pet product in any of its stores on Thursday (February 20).
It comes after Poundstretcher was acquired by US investment company Fortress in April last year.
The investment company has a history of taking on brands – it snapped up Majestic Wine back in 2019 and Punch Pubs in 2021.
At the time, Ahsan Aijaz of Fortress Investment Group said: “Poundstretcher is an exciting business in a critical part of the UK retail sector, and we recognise its importance to consumers across the country.
[bc_video account_id=”5067014667001″ application_id=”” aspect_ratio=”16:9″ autoplay=”” caption=”I’m a money-saving mum – here’s the 99p bargain buy from Poundstretcher I swear by to keep my house damp free with no heating” embed=”in-page” experience_id=”” height=”100%” language_detection=”” max_height=”360px” max_width=”640px” min_width=”0px” mute=”” padding_top=”56%” picture_in_picture=”” player_id=”default” playlist_id=”” playsinline=”” sizing=”responsive” video_id=”6341594262112″ video_ids=”” width=”640px”]“Fortress believes in empowering management teams to deliver their strategy and we look forward to working with the team to invest in and grow Poundstretcher.”
Meanwhile, dozens of Poundstretchers were closed in 2024, including the store in Meadowbank Shopping Park in Edinburgh.
The store, which had been located at the site for over 20 years, closed for good on Friday, May 17.
Poundstretcher also permanently closed its branch in Peterlee, County Durham, on May 15.
The discount chain also closed 13 branches across the UK in 2023.
Sites in Grantham, England, Kilmarnock, Scotland and Ammanford, Wales, were all shut down.
Poundstretcher is one of the UK’s biggest discounters, rivalling high street giants Poundland and B&M.
It specialises in selling cheap goods like toiletries, homeware, gardening and food and drink items.
The firm is based in Leicester and employs around 4,000 staff.
In July 2020 the store entered a CVA which allowed the business to restructure and continue trading.
At the time, it closed 500 branches and paid around £13million of what it owed.
In March 2022, 17 stores were shut and over 1,000 retail jobs were cut.
It was around this time Poundstretcher’s profits halved – yet, the company was still pushing for an aggressive expansion.
Poundstretcher exited its CVA in October 2022.