Overview

• Pepco Group is finalizing bids to sell Poundland, with a preferred buyer expected to be announced within days.
• Poundland has implemented a loyalty scheme overhaul, scrapping exclusive discounts for members to lower prices for all customers.
• Up to 200 stores are at risk of closure, with 18 already shut this year and specific sites, like Barrow’s Dalton Road branch, scheduled to close in June.
• The retailer reported a £641 million profit decline last year and a 6.5% revenue drop for the six months ending in March 2025.
• Poundland’s challenges reflect broader pressures on UK high streets, including rising operational costs and shifts to online shopping.