Poundland
This coverage explores Poundland’s strategy and performance in the UK retail sector, focusing on store operations, product range development, pricing strategies, marketing campaigns, and leadership decisions. Reporting highlights how Poundland competes in the value retail segment, adapts to consumer demand, and manages operational challenges — providing insight for executives, managers, and professionals in discount and general merchandise retail.
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Mar- 2020 -31 MarchHigh Street
Poundland to temporarily close 32 UK stores amid Covid-19 outbreak
Discount retailer Poundland has announced the temporary closure of 32 of its stores amid the Covid-19 virus outbreak, resulting in staff receiving 80% of their average earnings due to the government’s Jobs Retention Scheme. Shop workers’ trade union Usdaw said the retailer is asking employees to voluntarily agree to be…
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Feb- 2020 -5 FebruaryHigh Street
Poundland sales jump in first-quarter results
Discount retailer Poundland has reported a 1.3% increase in like-for-like sales for the three-month period ended 23 December 2019. Poundland also reported a “record trading day” on 23 December, serving almost 1.6 million customers. The discount retailer said it benefited from the “continued strong performance” of the Pep and Co…
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4 FebruaryHigh Street
Former Poundland owner plans £3.8bn takeover of Pepco
Advent international, the former owner of Poundland, has reportedly teamed up with two rival equity firms to launch a takeover bid for the Pepco Group. According to Sky News, Advent International, which offloaded Poundland in 2010 in a £200m deal, Hellman and Feidman and Mid Europa Partners are preparing a…
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Aug- 2019 -29 AugustHigh Street
Retailers urged to do more to prevent sales of knives to under 18s
Trading Standards is urging retailers to do more to prevent the sale of knives to children, after 15% of its test saw under 18s sold knives last year. Of 2231 tests, carried out in England and Wales between 1 April 2018 and 31 March 2019, retailers failed to prevent the…
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14 AugustHigh Street
Steinhoff confirms refinancing after accounting ‘scandal’
Poundland owner Steinhoff has confirmed refinancing of €9bn (£8.3bn) of debt after the company was involved in an accounting ‘scandal’ over the last few years. The group announced this in its half year report, where European revenue rose by 13% to €1.7bn (£1.57bn) for the period up to 31 March…
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May- 2019 -3 MayClothing & Shoes
Poundland to sell Pep&Co brand in 500 stores
Discount retailer, Poundland has announced it is to sell its Pep&Co clothing range in 500 more stores, after announcing its introduction to 300 of its stores last year. The latest stores to stock Pep&Co, mean that all 850 of Poundland’s UK and Ireland stores will stock the clothing brand as…
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Feb- 2019 -14 FebruaryComment
Killing plastic before it kills us
Research has revealed that a staggering 114,000 tonnes of plastic packaging ends up in landfill each year whilst 226,800 miles of wrapping paper are thrown away each year. 2019 must be the year that we reform. The amount of waste produced per household is increasing by 30% each year whilst…
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6 FebruaryHigh Street
Poundland sells 20,000 engagement rings in a week
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…
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Jan- 2019 -22 JanuaryHigh Street
Poundland sparks controversy over Valentine’s ‘Gift of Nothing’
Poundland has sparked controversy over the sale of its new ‘Gift of Nothing’ product, which is effectively an empty heart shaped package with the words “exactly what you asked for”. The product has been released as part of Poundland’s Valentine’s Day line and is on sale for the retailer’s trademark…
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Sep- 2018 -26 SeptemberHigh Street
Poundland to remove kitchen knives from stores
Poundland has announced it will have removed all kitchen knives from its 755 UK stores by the end of next month. The budget retailer said the decision was made through “thoughtful reflection about concerns raised by both communities and colleagues”. Knife crime in England and Wales has risen by 16%…
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