Archive of all Poundland articles – Page 5
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NewsSeven Fultons Foods stores to be converted to Poundlands
Another three are to become Pep&Co Clothing & Home stores, the variety discounter’s sister brand
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NewsPoundland to close stores on Boxing Day as a reward for staff
It’s the second year in a row the variety discounter has given staff extra time off at Christmas, having been among the first retailers to announce the move last year
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NewsPoundland sales and profits tumble after lockdowns hit footfall
Turnover for the year to 27 September 2020 was down 4.5% to £1.48bn, while operating profit plummeted from £26.7m to £8.6m
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NewsPoundland extends online delivery trial across Midlands and Yorkshire
The online service was quietly tested earlier in the year by 18,000 Poundland staff and selected guests
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NewsPoundland offers to pay for drivers to upgrade to HGV 1 licences
The discounter said getting the HGV 1 licence could cost up to £2,000
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NewsPoundland rolling out free-from range to over 300 stores
The range consists of over 30 free-from products, including dairy-free and gluten-free varieties of bread, porridge, cakes and snacks
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NewsPoundland rolling out frozen & chilled to 40 more stores by September
Some larger stores are also getting new trolleys and conveyor belt checkouts in an effort to encourage bigger basket spend, a key aim of Poundland’s transformation strategy
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NewsCity snapshot: Store estate expansion drives Pepco profit and sales growth
Newly listed Poundland owner Pepco Group has announced an increase in first half revenues and profits as the addition of new stores mitigated the impact of Covid shop closures and lower footfall in its UK stores.
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NewsPoundland begins selling online in selected postcode areas
Piloted for Poundland staff earlier this year, the service has now been opened up to customers
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NewsPoundland opening first new convenience format Local stores
The Grocer revealed ‘Poundland Local’ was on the way last month
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NewsPoundland launching new arm for all charitable activities
The variety discounter has applied to trademark ‘Poundland Foundation’
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NewsCity Snapshot: Pepco offers share at a discount in upcoming €5bn IPO
Poundland owner Pepco is has set its price in the upcoming Polish IPO at a discount, valuing the budget retail chain at $5bn (£4.3bn).
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NewsPoundland soft launches home delivery pilot for staff and guests
Deliveries for staff and “selected guests” have been underway since the end of February, though no announcement was made at the time
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NewsFultons profits plummeted before Poundland takeover, accounts show
Results reveal how stores were closing and employee numbers shrinking before Poundland stepped in last year
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NewsPoundland planning new formats ‘Poundland Local’ and ‘Poundland Go!’
Poundland Local is to apply to stores in small towns and close to urban neighbourhoods, while Poundland Go! is for a new convenience format near transport hubs
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NewsPoundland to reopen ‘hibernated’ stores and extend grocery range
The stores were temporarily closed in January as high street footfall plummeted under restrictions
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NewsPoundland eyes another €20m saving through further rent talks with landlords
Costs are already down 36% on leases renegotiated in the last two years
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NewsPepco Group simplifies board ahead of sale or float
The exercise emerged as Pepco Group COO Sean Cardinaal stepped down as a board director of Pepco’s holding company this week
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NewsPoundland slammed over rent arrears
The variety discounter, classed as an essential retailer, is said to have built up months of arrears on some branches
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NewsPoundland sales fell to 60% of normal levels in first lockdown
Across the group, including Pepco and Dealz, sales nevertheless rose 3% to €3.5bn, full-year accounts reveal