Poundland

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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Wilko relaunches click and collect

Wilko has relaunched its free click and collect service having successfully completed concept store trials in Exeter, Luton and Plymouth. Customers can use the service from reopened stores and from over 200 collection points via its collection partner, The Range. The company is continuing its store roll out programme with…

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Today’s news in brief-11/4/24

Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…

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Pepco LFL sales dip 2.5% in H1 amid tough comparatives

Poundland owner Pepco Group has reported that group revenues on a constant currency basis rose by 11.1% to £2.73bn (€3.2bn), though on a like-for-like basis revenues dipped by 2.5% in the half-year ending 31 March 2024.  The group has attributed its like-for-like sales performance during the period to a tough…

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Today’s news in brief-14/3/24

John Lewis announced a pre-tax profit of £42m, a significant turnaround from the previous year’s loss of £78m. Despite this, the company will not pay staff bonuses for the third time in four years, citing a focus on base salary over bonuses. Sales rose by 1%, reaching £12.4bn, with Waitrose…

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Poundland to start TV ad campaign to showcase new ranges

Poundland has confirmed it will start advertising its all-new clothing, homewares and grocery ranges on UK and Ireland TV for the first time. The TV slots which will debut tomorrow (15 March) and run until mid-April will highlight the value Poundland is now able to bring shoppers, having completely revamped…

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Today’s news in brief-15/2/24

The UK has entered a technical recession as its GDP contracted by 0.3% in the final quarter of 2023. This marks the first recession since the onset of the Covid-19 pandemic. The decline in GDP was larger than expected, with key sectors like manufacturing, construction, and wholesale experiencing significant downturns.…

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Poundland to refurb 150 stores

Poundland has announced that it is set to commence refurbishments on 150 stores set to be completed by August this year. The ‘Project Evo’ transformations will see each of the stores get a top-to-bottom refresh to bring them up to date. The refresh will be the first significant investment in…

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Today’s news in brief-13/2/24

Yodel has been rescued by rival company Shift, marking a significant development in the logistics sector. Yodel, acquired by YDLGP Limited, backed by Shift and other investors, is set to merge with Shift, known for successfully revitalising the Tuffnells brand. The merger aims to create a robust logistics platform catering…

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Matalan appoints new CFO

Matalan has announced the appointment of Dave Williams to the initial role of chief financial officer designate, which will graduate to the full CFO role and a position on the retailer’s board.  The announcement comes as the latest CFO Stephen Hill has decided to “step down and pursue his next…

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