Carpetright, Poundworld and Fenwick set to axe jobs

High street struggles continue, with 33% of retailers reporting falling sales

The high street has been rocked by a fresh wave of store closures and job losses as household names including Carpetright, Fenwick and Poundworld announced major restructuring programmes.

At a meeting in London on Thursday, Carpetright was able to avoid tipping into administration after landlords backed a company voluntary arrangement (CVA) that will allow it to close 92 stores with the loss of 300 jobs.