Overview

• The grocery revamp starts rolling out now and is due to complete by the end of September, with roughly 60% of lines priced at £1 and the rest split between £2 and £3.
• A five‑month pilot in 17 West Midlands stores drove better value and range perceptions and cut shoplifting by more than 25% after higher‑priced targets were removed.
• The restructuring plan, sanctioned this week, averted projected insolvency in early September and provides up to £60 million in new funding.
• Poundland will close 68 stores as part of the plan, with more than three dozen already shut in August and 11 more due to close on 31 August, plus Irvine on 14 September.
• Operational cuts include shutting the Darton frozen and digital distribution site this year and the Bilston hub early next year, ending online orders next month, and retiring the Perks app.