Pound World went out of business because of a store across the road called ‘99p Stores’ was selling the same products but for just 1p cheaper! How crazy is that! I think some people are taking the credit crunch a bit too seriously.
Here’s what the Pound World manager had to say: "It's amazing we had to close because of a difference of just a penny!"
Didn’t he think to just rename the shop to the ‘97p or Less’ shop? It would have easily put the 99p shop out of business, especially when you hear what a public shopper in Poole has to say:
"I would certainly cross the road if it meant I could get a similar item a penny cheaper, the more you buy for 99p, the more pennies you save. I have just bought six items, so I've saved 6p." - Karl White
Pound World will be reopening in a different location, under a different name, but it's still going to be a pound shop.