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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Jan- 2025 -13 JanuaryNews-In-Brief
Today’s news in brief-13/1/25
Asda announced a significant overhaul of its operations, cutting 13 regional manager roles and consolidating management of supermarkets and express stores into 22 sub-regions from 30. The changes, driven by poor Christmas performance with a 5.8% drop in sales and a decline in market share to 12.5%, mark Allan Leighton’s…
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13 JanuarySupermarkets
Poundland invests in security enhancements
Poundland has announced that it has invested “significantly” in its shop floor security as part of its Against Retail Crime initiative. Part of this investment will equip its 800-plus store estate with anti-theft innovation to deter shoplifting including communication headsets for staff. It will also be giving its contracted security…
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Dec- 2024 -10 DecemberNews-In-Brief
Today’s news in brief-10/12/24
Supermarket sales are set to surpass £13bn in December for the first time, boosted by festive spending and rising grocery prices. Data from Kantar reveals take-home grocery sales climbed 2.5% in the four weeks to 1 December. The average Christmas dinner for four has risen 6.5% to £32.57, largely due…
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10 DecemberHigh Street
Pepco Group suffers £675m Poundland hit
Pepco Group has reported a £675m impairment charge on its UK subsidiary Poundland, as a result of “a significant decline in performance in FY24 and weaker outlook for profitability amid increasing competition and cost challenges”. The charge primarily reflects the goodwill from Pepco Group in relation to the Poundland acquisition.…
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Oct- 2024 -15 OctoberHigh Street
Poundstretcher bolsters leadership team with host of senior appointments
Poundstretcher has announced a series of senior appointments within its commercial and store operations teams to help fuel its growth plans. Miles Foster joins the executive team as group operations director after a 35-year career at Morrisons. In his new role, he will lead over 300 stores and oversee the stores…
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Sep- 2024 -26 SeptemberHigh Street
Poundland owner sales fall amid supply chain disruptions
Poundland owner Pepco Group has reported that like-for-like revenues fell 3.1% during the fourth quarter, as a result of ongoing supply chain disruptions affecting the “consistent and timely” availability of stock in stores. This comes despite Pepco’s group revenues for the 51 weeks to 22 September rising 10% on a…
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Jul- 2024 -11 JulyNews
Today’s news in brief-11/7/24
The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services sector led growth, expanding by 0.3%, while construction grew by 1.9%. Analysts see this growth influencing the Bank of England’s upcoming interest rate decision. British entrepreneur Mike Jatania is nearing…
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11 JulyNews
Pepco Group LFL revenue dips 4.3% in Q3
Pepco Group, owner of Poundland, Dealz and Pepco, has reported a 4.3% decline in group like-for-like revenues for its third financial quarter ended 30 June. Poundland saw a 6.9% LFL decline due to challenges related to the introduction of new Pepco-sourced clothing and general merchandise ranges. Pepco’s LFL revenues were…
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Jun- 2024 -13 JuneNews
Poundland launches rewards app in 62 Scotland stores
Poundland has officially launched its Poundland Perks app for the first time in 62 stores in Scotland. Poundland Perks is Poundland’s pilot rewards app that has been on trial in 43 stores on the Isle of Wight and in Northern Ireland and now is available across Scotland. The retailer has…
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May- 2024 -29 MayNews
Poundland introduces new £3 meal deal
Poundland has today (28 May) launched its brand new £3 meal deal with sandwiches, salads and snacks. The new ranges raise the bar as Poundland introduces new options from high quality companies that already supply other multiple retailers such as M&S. What sets Poundland’s offer apart is that the price…
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