Poundland sold by Pepco Group amid store closures as UK retail faces cost crunch and shift to e-commerce. Founded in 1990, it’s a discount giant.
Poundland plans to close more than 100 stores in the UK by early February as part of a restructuring. The closures follow previous shutdowns and are accompanied by clearance sales offering up to 40% discounts. The company aims to reduce its store count from around 800 to 650-700.