New budget discounter Maxisaver to open 20 stores to rival Poundstretcher

Mrs Hinch shows of her Home Bargains shopping haul

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Maxisaver was introduced to the British high street last summer to rival Poundstretcher. The shop offers various different products including food and drink, household items, cleaning products, and stationery.

There are currently eight Maxisaver stores in the UK.

The first one opened in August last year in Hinckley, Leicestershire.

Now, the company has announced it will open 20 more stores in various locations.

The stores will be open by the end of this year.

Maxisaver sells products similar to Poundstretcher, but prices vary slightly.

Items sold at Maxisaver start from 29p and go up to £59.99.

Meanwhile, products offered at Poundstretcher start from 15p and go up to £90.

This makes Poundstretcher Maxisaver’s biggest competitor, and the new budget discounter could one day take over the older company.

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However, Maxisaver has a long way to go as there are currently 450 Poundstretcher stores in the UK.

The eight Maxisaver shops already open across the country are in Hinckley, Erdington, Stourbridge, Melton Mowbray, Chesterfield, Mansfield, Dudley, and Newark.

The company is currently looking for locations to set up its next 20 stores.

It ideally wants to expand in the Midlands.

Maxisaver is looking for premises that will be between 2500 to 6000 square feet in towns and cities across the Midlands.

The company wants to set up its stores close to transport links and other retailers.

It also hopes to launch a trial of a click and collect service online via its new website, which is currently being worked on.

Maxisaver’s expansion could create at least 200 new jobs on both the shop floor and within the head office team.

In other budget discounter news, Poundland has begun the trial of its online shop for some customers in England.

The company has launched its own website to deliver general merchandise, including food and drink, to customers.

However, the online service is currently available only to shoppers in some areas of England.

The selected postcode areas are in Birmingham, Walsall, Wolverhampton, Derby, Dudley, and Stoke on Trent.

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