Poundland shuts 149 stores, cuts 2,200 jobs and focuses on £1 items
Discounter relaunches Pep & Co clothing brand after a switch to ranges supplied by its former parent group hit salesPoundland has shut 149 stores with the loss of 2,200 jobs under a rescue shake-up launched after challenging trading conditions and unpopular clothing ranges sent it into the red.The company, which was itself bought for £1 from Pepco Group by the US restructuring specialist Gordon Brothers in June last year, said it had refocused on £1 items, with 60% of its stock now at that price. Continue reading...
Discounter relaunches Pep & Co clothing brand after a switch to ranges supplied by its former parent group hit sales
Poundland has shut 149 stores with the loss of 2,200 jobs under a rescue shake-up launched after challenging trading conditions and unpopular clothing ranges sent it into the red.
The company, which was itself bought for £1 from Pepco Group by the US restructuring specialist Gordon Brothers in June last year, said it had refocused on £1 items, with 60% of its stock now at that price. Continue reading...
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