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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Discount retailer, Poundland has announced it has sold 20,000 of its £1 engagement rings within a week of going on sale.

Poundland’s Bling Ring range made headline news upon its release and has been marketed as a “placeholder” ring, with the words “because we promise they’ll want to choose their own”, inscribed on the box. The discount retailer said the majority of its 20,000 sales came from Yorkshire and the Midlands.

Upon the launch of the rings, Poundland ran a campaign offering a customer the chance to get engaged with one of its rings live on TV.

https://twitter.com/Poundland/status/1086239316039356416

Frances O’Sullivan, Poundland’s jewellery and Valentines buyer, said: “Thousands of Brits are already quids in thanks to the £1 proposal. It’s clearly a gem of an idea and the nation agrees.”

The announcement comes just weeks after the company was blasted by environmental campaigners for its ‘Gift of Nothing’ product, which A Plastic Planet described as “designed to go straight into the bin but will last for 500 years”.

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