Poundland 85p sale

[JohnD]

Sounds like a bargain?





"UK discount retailer Poundland has been sold for less than £1 to Gordon Brothers, an investor that specialises in acquiring distressed assets, after a series of costly mis-steps by its Warsaw-listed parent.

Pepco Group said it had sold the struggling retailer for a nominal consideration — or €1 (85p), according to a person familiar with the deal...

...Poundland has endured a disastrous spell of trading after Pepco’s decision to replace its clothing and homeware ranges with the same products it sells in its business in continental Europe. The chain’s sales fell by 6.5 per cent over the six months to March 31."

FT.com

 

[motorbiking]

Part of the reason they struggle is because shop lifters target them and the police wont respond to low value shoplifting.

 

[aveatry]

The increase in NI was also mentioned as a factor .
I like to make myself feel rich and go into the £2 section ( cant afford anything but just like to look )

 

[Ihavenojob]

I bought a pack of button batteries from Poundland. I found the same pack down the street at the 99p store. I went back to Poundland and asked if they would price match. They wouldn't.

 

[opps]

I bought a pack of button batteries from Poundland. I found the same pack down the street at the 99p store. I went back to Poundland and asked if they would price match. They wouldn't.

I was annoyed to discover that PoundLand no longer seem to sell button batteries. I had about 5 cards of speculative purchases, but the batteries I wanted to use had start to leak. The same ones from Amazon were a fiver.

At one point, West Ealing had a 97p store...

 

[blup]

Who’d have thought Pound land would be worth more than Thames water

 

[gas112]

I never shop in poundland shops like that you are just paying for the name

 

[simplesteve]

Following on from Aveatry : when I'm feeling really flush, I'll buy something at 99p, give them a quid and tell them to keep the change !
( but I draw the line at £1.98 for two )

 

[pete01]

Following on from Aveatry : when I'm feeling really flush, I'll buy something at 99p, give them a quid and tell them to keep the change !
( but I draw the line at £1.98 for two )

Show off

 

[ReganAndCarter]

I bought a pack of button batteries from Poundland. I found the same pack down the street at the 99p store. I went back to Poundland and asked if they would price match. They wouldn't.

"Location: Dystopia"? Is that anywhere near Yorkshire?