Overview

• Stores across the UK begin switching to three grocery price points today with the phased rollout scheduled to complete by the end of September.
• On completion, about 60% of grocery items will be £1, with roughly 20% priced at £2 and 20% at £3.
• A five‑month trial in 17 West Midlands stores showed small gains in perceived value and range, and shoplifting fell by more than 25% after higher‑priced items were removed.
• The pricing shift is part of a court‑sanctioned restructuring approved this week that averted administration and secured up to £60m in new funding.
• The plan advances 68 store closures, ends Poundland.co.uk sales and the Perks app next month, and shuts distribution sites in Darton and Bilston, putting hundreds of jobs at risk.