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Anger as 825 Poundland stores 'facing closure' amid 'challenging' landscape

Poundland is set to be sold due to an "increasingly challenging" retail landscape, with 825 stores at risk of closure.
Pepco Group has confirmed it is exploring "all strategic options" for Poundland, including a potential sale.
Financial forecasts reveal that Pepco predicts underlying profits will fall to between €50 million and €70 million for 2023/24, down from €153 million.
A spokesperson from Pepco stated they are exploring separation options for the Poundland business and have engaged advisers for support.

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Falmouth Packet

8 Cornwall branches among 825 Poundland stores at risk as sale explored

Shoppers are angry after it emerged Poundland is set to be sold as it struggles to battle an "increasingly challenging" UK retail landscape.

6 hours ago·Falmouth, United Kingdom

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andoveradvertiser.co.uk

+13 Reposted by 13 other sources

Anger as 825 Poundland stores 'facing closure' amid 'challenging' landscape

Shoppers are angry after it emerged Poundland is set to be sold as it struggles to battle an "increasingly challenging" UK retail landscape.

6 hours ago

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Daily Record

Poundland 'set to be sold' with some of 800 shops at risk of closure

The stores could end up closing if the the bargain retailer is sold.

8 hours ago·Glasgow, United Kingdom

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Daily Express

Poundland 'set to be sold' with some of 825 high street stores facing closure

It has been reported that several Poundland stores could end up closing if the chain is sold.

8 hours ago·United Kingdom

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Daily Mirror

Budget retailer with 825 stores set to be sold in huge blow for UK high street

Poundland is set to be sold off, with the budget retailer having reportedly hired advisory firm Teneo to oversee the sale of the popular discount chain

9 hours ago·London, United Kingdom

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The Sun

Bargain chain with 800 stores set to be sold as high street shops at risk

A BARGAIN chain with over 800 stores is set to be sold, reportedly placing a number of the high street shops’ branches at risk. Poundland has hired advisory firm Teneo to oversee the sale of the popular discount chain, according to The Telegraph. GettyPoundland is being put up for sale[/caption] Sources close to the outlet claim loads of Poundland stores could be axed as part of the proposed sale. A spokesman for Pepco Group, which is the parent…

9 hours ago·United Kingdom

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