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Poundstretcher is planning to open a further 200 stores over the next few years, and will double the space given to food and toiletries.

Poundstretcher is planning to open up to 50 standalone Pet Hut stores this year, and is seeking sites of up to 5,000 sq ft.

Poundstretcher has expanded its chain of 394 discount stores with the acquisition of five sites from Dreams, three from Blockbuster and three from Comet.

Poundstretcher is planning to double its chain of 402 discount stores over the next six years, with 100 new outlets due to open by March 2013.

Poundstretcher has bought 15 Alworths stores out of administration, securing more than 200 jobs.

Poundstretcher is planning to expand its chain of 325 discount stores to 500 over the next two years, having appointed Strutt & Parker to find suitable sites.

Poundstretcher, the discount retailer, is to relocate its head office from Leeds to Huddersfield in August with the creation of about 400 jobs, and a distribution centre will open at the new site early next year.