Poundland unable to buy new stock as fears over collapse grow
7 Articles
7 Articles
The discount chain is reportedly edging closer to glue, with an insider saying the retailer is "running on smokes."
Poundland has improved its financial results, with like-for-like sales rising in recent weeks. Despite this, the chain is struggling to replenish its stock ahead of the most important trading period of the year. Cash and financing constraints have coincided with discussions regarding the retailer's future.
Poundland could close stores across UK as company headed for administration
Poundland’s future remains uncertain despite a major improvement in its financial performance. (Image: Getty) Poundland’s future remains uncertain despite an £86million turnaround, with the struggling retailer reportedly unable to buy new stock ahead of Christmas. The discount chain has been unable to pay suppliers for new products since October 27 after its American owner, Gordon […]
Poundland blocked from buying new stock despite £86m turnaround
Poundland has reportedly been blocked from ordering new stock ahead of the crucial Christmas trading period, despite an £86m improvement in its financial performance over the past year. The embattled company has been unable to pay suppliers for new products since 27 October after owner Gordon Brothers restricted its access to credit facilities and cash...
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