Overview

• From 21 May, Poundland removed exclusive Perks prices so all customers receive its lowest shelf and online prices
• The revamped loyalty app lets shoppers earn points redeemable for £1 vouchers per 5,000 points and retain entry to weekly prize draws
• Poundland reported a 6.5% drop in revenues to €985 million (£830 million) for the six months to March and trimmed profit guidance to €0–20 million
• Bidders including Gordon Brothers and Hilco Capital are competing in a sale process that Pepco Group plans to complete by end of its current financial year
• Up to 200 underperforming stores face closure, with Filton shutting on May 31, Surrey Quays on June 11 and Cowes by July