Poundland Closes 149 Stores, Cuts 2,200 Jobs
Discount retailer Poundland has closed 149 stores with 2,200 job losses following a £51m pre-tax loss. The company is refocusing on £1 items and relaunching its Pep & Co clothing brand.
Discount retailer Poundland has closed 149 stores with 2,200 job losses following a £51m pre-tax loss. The company is refocusing on £1 items and relaunching its Pep & Co clothing brand.
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Poundland has completed a significant restructuring, closing nearly 150 stores and cutting 2,200 jobs, with the company acknowledging ongoing challenges to stabilise the business.
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Discount retailer Poundland has concluded a sweeping restructure involving 150 store closures and 2,200 job losses, while reporting mixed financial results and outlining future strategy.
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UK retail sales rose 0.4% in December, boosted by strong online jewellery demand for gold and silver amid record prices, though non-food stores struggled.
The UK's private sector expanded at its fastest rate since April 2024, with the S&P Global PMI rising to 53.9 in January, significantly exceeding economists' forecasts.
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