Another One Bites the Dust
The recession claims another West Ealing shop
Despite a rise in sales in December, the bargain basement store, Poundland, is to close its doors in West Ealing.
Established in 1990 the company has gone from strength to strength selling a range of more than 3000 items, each at only £1 each.
The chain, based in the West Midlands, and owned by private equity company Advent International, announced plans on "significant" growth in 2009, creating 30 new stores and 1,000 jobs.
"We are well positioned to capitalise on the continuing strong customers trend to shop savvy and seek value for money," said chief executive Jim McCarthy.
The West Ealing branch opened last year on a short term rental and was a popular edition to the other cut-price shops on the Uxbridge Road.
This closure is another blow to an area which has already lost a number of shops including Richer Sounds, Rosebys and Woolworths.
It's thought high rental costs are one of the reasons the company is pulling out. In a statement to Ealing Today the company says:
"The location of the West Ealing store was in a great town, but the store proved not to be financially viable. We will continue to expand in other areas of the UK and hope to open a further 30 stores this year."