High Street discount giant avoids going into administration with new plan for 300 stores

Poundstretcher, a major discount retailer with over 300 stores across the UK, has narrowly avoided going into administration thanks to a new restructuring plan. The company had previously warned that without approval for the plan, it would have had "no choice" but to file for administration. This move is significant as it prevents potential job losses and maintains the stability of a brand that's been a staple in the discount retail sector, potentially saving thousands of jobs and avoiding a significant hit to the high street.