Pound shops’ success story

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The number of cut-price shops has balllooned by 60% in the past two years to 1,423 across the high streets of the country, according to research from the British Property Foundation.

Discount shops are not only taking over areas of the market vacated by Woolworths and Zaavi after they went into administration but in many cases are physically taking over their premises.

At the same time there has been a 22% rise in the number of middle-class shoppers flocking to one of the leading discounters Poundland as it opens more stores in Middle England towns.