UK Discount retailer to give employees 10 per cent pay rise


Shuiab Khan
Tue, 31 January 2023 


The Poundstretcher Blackburn store is based close to B & Q. (Image: Google Maps)

Poundstretcher, which has stores in Blackburn and Preston has announced it is giving nearly 4,000 employees a 10 per cent rise.

All employees with more than one year’s service will be eligible for the rise, which covers more than 70 per cent of the store’s workforce.

The company says the majority of Poundstretcher customer-facing staff will be eligible.

Owner, Aziz Tayub, said: “This 10 per cent pay raise will make a real difference in this current climate to the majority of our employees who are committed to servicing our customers and growing our business in the current economic climate.”

Last year, the company says it implemented a 10 per cent increase on salaries to reward employees for their work post pandemic and for the positive turnaround of the company’s profits post successful Company Voluntary Arrangement (CVA).

Mr Tayub added, “This will be the second year in a row we will have introduced a second pay rise in the same year for our store colleagues.

"We wanted to do more to support them and to say thank you for their commitment to quality service and customer care."

Poundstretcher opened more than 30 stores nationwide in 2022, with plans to open another 50 by the end of 2023.