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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Sep- 2023 -29 SeptemberNews
Pepco reshuffles management team amid difficult trading conditions
Pepco has experienced an increasingly challenging trading environment over recent weeks within its core markets of Central and Eastern Europe, with weaker consumer demand for our key clothing and general merchandise categories. As a result, the company has decided to reshuffle its management team, with managing director Anand Patel stepping…
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28 SeptemberNews
Today’s news in brief-28/09/23
Rami Baitiéh will take over as Morrisons’ new CEO from November, succeeding David Potts, who has held the position for nine years. Baitiéh, previously a chief executive at Carrefour France, will work closely with Potts during the transition. Potts expresses confidence in Morrisons’ future growth, highlighting the company’s unique position…
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28 SeptemberSupermarkets
Poundland to open 10 former Wilko stores
Poundland has announced it is set to open 10 former Wilko stores this Saturday (30 September) after it secured an agreement with administrator PwC to take an option on a number of Wilko store leases. The following Wilko stores will open on Saturday morning: Broad Street, Chell Road, Stafford, ST16…
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20 SeptemberNews
Poundland launches rebranded website
Poundland has today (20 September) relaunched its website, which now includes a range of around 3,000 items for home delivery. The launch of Poundland.co.uk has been made possible by the digital migration of its Poundshop.com operation and the opening of a second digital fulfilment hub at its distribution centre in…
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18 SeptemberNews
Today’s news in brief
Mike Ashley is reportedly in talks to sell the online clothing label Missguided to Shein, a Chinese-founded online fashion platform. If successful, this would mark Shein’s first acquisition of a British fashion brand. The deal is anticipated to cover Missguided’s brand and intellectual property, with Ashley’s company retaining its head…
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18 SeptemberHigh Street
Over 100,000 retail jobs lost since 2020 after Wilko collapse
The number of retail job losses since 2020 is set to pass 100,000 as a result of the 12,500 jobs at risk after the collapse of Wilko, according to data from the Centre for Retail Research. The latest data shows that there have been more than 17,000 jobs lost at…
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15 SeptemberPeople Moves
Pepco Group CEO steps down
Pepco Group has confirmed that Trevor Masters has stepped down as CEO of the company with immediate effect. Andy Bond, chair of the group’s board, will step into the role of executive chair, leading the executive team and overall management of the company until a successor CEO is appointed. Bond…
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13 SeptemberHigh Street
The Range agrees £5m deal for Wilko brand
Value retail chain The Range has agreed a deal to purchase the Wilko brand in a deal worth £5m, according to reports from Sky News. The deal is expected to be announced later on Wednesday and will be the latest in a series of transactions signed by administrators PwC. More…
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12 SeptemberHigh Street
Poundland acquires up to 71 Wilko stores
Poundland owner Pepco Group has announced today (12 September 2023) that it has agreed with PwC to take control of up to 71 Wilko store leases. Lease assignments are expected to be completed in early Autumn, enabling these stores to join Poundland’s existing 800-plus UK estate and trade through the…
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12 SeptemberSupermarkets
Grocery price inflation drops to 12.2%
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar. Take-home sales from the grocers rose by 7.4% compared with the same period in 2022, a slight increase on the…
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