Poundland news and analysis – Page 2
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NewsPoundland MD Barry Williams on returning to £1 basics to win back shoppers
Poundland has begun rebooting its store proposition as it prepares for the recovery phase of its turnaround
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NewsPoundland names the date it will stop selling online and close its loyalty app
The digital retreat is part of a restructuring process under new owner Gordon Brothers, the investment firm that bought Poundland from Pepco Group in June
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Comment & OpinionThe Big Pound Shop Swap: ‘eat worse for less’ with Denise van Outen
The programme may provide some welcome escapism for families struggling to make ends meet
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NewsPoundland confirms next 12 store closures, taking total to 52
They are among 68 stores set to close in a restructuring plan announced after Poundland’s sale by Pepco Group to investment firm Gordon Brothers in June.
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Comment & OpinionToday’s variety discount shopper wants more than low prices
Low prices may have been the original draw but they’re no longer the path to success for variety discounters, says Michela Pearson, insight analyst at IGD
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NewsPoundland closing 37 stores in August as restructuring plan gets underway
They are among 68 stores that were earmarked for closure in a restructuring plan announced in June
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NewsPoundland dismisses reports of supply restrictions as ‘bunkum’
A Poundland spokesman told The Grocer P&G had never placed any restrictions on the discount chain’s supply and Nestlé had actually increased its limits on Wednesday
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NewsPoundland sales continued to plummet in run up to sale
Between 1 April and 12 June, when Pepco Group sold it to investment firm Gordon Brothers, Poundland revenue fell 10.3% to €347m
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NewsMedia Bites 18 June: Trump’s tariffs, artificial dyes and Ben & Jerry’s new boss
US retail sales fell by the most in two years in May
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Comment & OpinionPoundland is right to ditch frozen food – it is in no position to take on Aldi and Lidl
Turning around Poundland will not be easy, so it shouldn’t be surprising that its plan includes some fairly drastic measures
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NewsPoundland confirms restructure plan, with up to 150 stores to close
Poundland’s frozen and digital distribution centre at Darton, South Yorkshire, is set to close later this year under the plan, followed by its national distribution centre at Springvale in Bilston, West Midlands, in early 2026
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NewsMedia Bites 17 June: Trump, Poundland, Oxford Street
UK-US trade deal is ‘done’, Trump said as he met Keir Starmer at the G7 summit
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers
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NewsPoundland sale ‘cast into doubt by unpaid business rates’
Poundland is said to have been hit with a series of court claims over the unpaid tax bills
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NewsPoundland owner readying to stump up tens of millions to secure sale
Pepco Group is expected to contribute an eight-figure sum to finance Poundland’s ongoing operations as part of a deal with Gordon Brothers, it has been reported
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NewsMedia Bites 11 June: M&S, imported meat, EG Group, Poundland
The resumption of online orders at M&S receives plenty of coverage in the media. For example the FT notes it will take ‘weeks’ to restore some online services as fashion ranges return
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NewsPoundland eyeing rent cuts in bid to save costs, says report
Poundland last drove through big rent changes during the pandemic, when it cut rent on hundreds of properties by more than a third
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NewsPoundland’s sponsorship of Walsall FC ends after three years
The retailer became Walsall FC’s principal sponsor in July 2022, in a three-year deal that saw the club’s home ground renamed The Poundland Bescot Stadium
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NewsRace to be Poundland’s new owner narrows to Hilco and Gordon Brothers
Modella Capital, which recently acquired WH Smith’s high street stores, has been eliminated from the auction
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NewsPoundland scraps exclusive discounts in loyalty scheme
The Poundland Perks app previously rewarded users with discounts on a selection of up to 100 products