Poundland news and analysis – Page 8
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NewsPoundland launching new arm for all charitable activities
The variety discounter has applied to trademark ‘Poundland Foundation’
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NewsCity Snapshot: Pepco offers share at a discount in upcoming €5bn IPO
Poundland owner Pepco is has set its price in the upcoming Polish IPO at a discount, valuing the budget retail chain at $5bn (£4.3bn).
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NewsPoundland soft launches home delivery pilot for staff and guests
Deliveries for staff and “selected guests” have been underway since the end of February, though no announcement was made at the time
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NewsFultons profits plummeted before Poundland takeover, accounts show
Results reveal how stores were closing and employee numbers shrinking before Poundland stepped in last year
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NewsPoundland planning new formats ‘Poundland Local’ and ‘Poundland Go!’
Poundland Local is to apply to stores in small towns and close to urban neighbourhoods, while Poundland Go! is for a new convenience format near transport hubs
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NewsPoundland to reopen ‘hibernated’ stores and extend grocery range
The stores were temporarily closed in January as high street footfall plummeted under restrictions
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NewsPoundland eyes another €20m saving through further rent talks with landlords
Costs are already down 36% on leases renegotiated in the last two years
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NewsPepco Group simplifies board ahead of sale or float
The exercise emerged as Pepco Group COO Sean Cardinaal stepped down as a board director of Pepco’s holding company this week
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NewsPoundland slammed over rent arrears
The variety discounter, classed as an essential retailer, is said to have built up months of arrears on some branches
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NewsPoundland sales fell to 60% of normal levels in first lockdown
Across the group, including Pepco and Dealz, sales nevertheless rose 3% to €3.5bn, full-year accounts reveal
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NewsPoundland reports sales growth boosted by new ranges and price points
The growth in the first-quarter to December came despite ’significantly reduced footfall’
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NewsPoundland introduces ‘greeter’ role to encourage mask wearing
The greeters are tasked with asking shoppers to wear a face covering and providing a free mask if they don’t have one
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NewsPoundland temporarily closing 44 stores as footfall declines
The measure is in response to an 80% drop in footfall in some shopping centres and high streets as the UK’s various lockdown rules take hold, Poundland said
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NewsPoundland’s transformation director moves to finance role
Mat Ankers is moving to a finance role at parent company Pepco Group, while Poundland retail director Austin Cooke takes on the ’enhanced role’ of retail & transformation director
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NewsPoundland defends not repaying business rates relief
The variety discounter has argued it should not be judged on the same terms as retailers who saw business boom in lockdown ’like the supermarkets or Amazon’
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NewsPoundland thanks all staff with £25 Christmas gift vouchers
The vouchers are enclosed in a letter to all employees signed by the senior management team including MD Barry Williams
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NewsPoundland to open 45 UK and Ireland stores within 12 months
Ten of the 45 are set to open by Christmas
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NewsChannel 4 to track Poundland’s transformation in new series
The two-part documentary, Inside Poundland: Secrets From The Shop Floor, will focus on Poundland’s reinvention through new ranges at a time when rivals are failing
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Analysis & FeaturesFrom pound shop to fmcg destination: the growth of Poundland
In the space of a year, Poundland has added multi-price points, chilled food and booze. The Grocer visited its two new ‘destination’ store formats to see the results
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NewsPoundland begins ‘phase 2’ of frozen rollout after Fultons acquisition
The 40 stores are the first of 500 set to gain the frozen and chilled ‘shops in shops’ over the next two years