ANOTHER 11 jobs are to be lost after a discount retailer announced more store closures.

After shutting both its stores in Blackburn, which saw the loss of 21 jobs, Poundworld has announced 78 more stores, including its Accrington store, will close next weekend.

The retailer is also closing is distribution centre as administrators and the remaining 112 stores are scheduled to close by August 10, resulting in another of 1,432 redundancies.

The company have already closed 145 stores, with the loss of 2096 jobs.

Poundworld fell into administration on June 11, putting more than 5,100 jobs at risk across its 335-store portfolio.

Deloitte has been announcing tranches of store closures over the past two weeks after failing to find a buyer for the whole business, but said it was still in discussions with interested parties for the potential sale of "part or parts of the remaining business".

The latest job losses come as hopes for a rescue fade.

Deloitte has turned down a bid from company founder Chris Edwards, who was looking to save a raft of stores and safeguard around 3,000 jobs.

The founder of rival Poundland, Steven Smith, has also been linked to a bid to salvage part of Poundworld out of administration.

The collapse came amid decreasing footfall, rising costs and weak consumer confidence.

The budget retail chain, formerly owned by TPG Capital, is one of a number of retailers to call in administrators this year, with Toys R Us and Maplin disappearing from UK high streets.

Clare Boardman, Joint Administrator, said: “We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen.”