Poundland
British variety and discount store chain
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Poundland is a British variety store chain founded in 1990. It once sold most items at the single price of £1, including clearance items and proprietary brands. The first pilot store opened in December 1990 following numerous rejections by landlords who had reservations about allowing a single-price store to operate, fearing it could adversely affect the local competition. An estimated 7 million customers shopped in Poundland every week in 2016, many being female shoppers in the C1, C2, D and E categories. Following a drop in share price of over 50%, Poundland was acquired in August 2016 by Steinhoff International for £610 million.
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Poundland owner's ex-boss found dead of gunshot wound in South Africa, reports sayThe former chief executive of South African multinational retailer Steinhoff was told he would be arrested shortly before he was found fatally injured, police have said.Sky News - Published | |
The Wilko stores set to become PoundlandThe owner of discount retailer Poundland will take over the lease of 71 of Wilko's 400 stores after the chain's collapse.Sky News - Published | |
Poundland snaps up 71 Wilko storesA deal has been struck for the owners of Poundland to take over the leases of up to 71 Wilko stores.Sky News - Published | |
Wilko job fears deepen as Poundland owner eyes swoop on 100 storesFears for thousands of retail jobs at the ailing chain Wilko deepened on Wednesday evening when trade union officials warned that the majority of its shops were likely to close within days.Sky News - Published |
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