Poundworld is reportedly drawing up plans to close up to 100 stores through a Company Voluntary Arrangement.
The discount retailer, which occupies 355 shops in the UK, is expected to announce CVA plans during the first half of May, according to Sky News.
Poundworld is owned by private equity group TPG, which acquired the company in 2015.
The closures could see 733,800 sq ft of retail space become available, based on an average Poundworld unit size of 7,338 sq ft, according to Radius Data Exchange.
Poundworld has not yet responded to a request for comment.
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