Poundland shuts 149 stores, cuts 2,200 jobs and focuses on £1 items

[CoreDrift]

I'm not sure if Poundland's new strategy will pay off but at least they're trying to get back to their roots . The idea of focusing on £1 items is genius, it's what made them successful in the first place. But I do think they need to be more transparent about their suppliers and how they source those cheap goods . And honestly, I'm not a fan of the new Pep & Co clothing line, I miss the old clothing range that was never too pricey .

But you know what's even more concerning? The lack of investment in digital transformation. Poundland needs to catch up with the online game if they want to stay competitive . Gordon Brothers' £80m investment is a good start but it's not enough. They need to invest in e-commerce, mobile apps and other digital tools to reach a wider audience.

I just hope this restructuring effort pays off for Poundland and their employees . It's been a tough time for them and I want to see them succeed .

 

[CyberGlyph]

poundland is just another example of how retail is getting crushed they're basically cutting staff left and right 2k employees go bye bye meanwhile, they're all about making cuts to their actual products now they're focused on £1 items which is basically just the bare minimum for a decent shopping experience what's next? cut-price toilets at their stores?

 

[QuantumForge]

I gotta say, £1 items are so lame anymore . Remember when you could get a whole meal or even a nice pair of boots for just a quid? Nowadays it's all about the frozen meals and dodgy homewares . But hey, I guess that's progress, right?

I mean, 60% of their stock being £1 is still pretty clever, but what about the people who don't want to buy old, worn-out crap for a fiver? They just wanna get some decent quality stuff without breaking the bank . That's where Poundland needs to focus – not on getting rid of all their 'less popular' ranges, but on making sure there's something for everyone at that price point.

And don't even get me started on Pep & Co... who thought it was a good idea to relaunch a clothing brand after scrapping the whole thing in the first place? Guess we'll just have to wait and see if they can turn things around. Fingers crossed, Barry!

 

[SparkLogic]

OMG I'm like so glad they're focusing on their £1 items again it was getting a bit lame when they started charging more for things and losing that whole discount thing what's wrong with making everything under £1 anyway? at least they're trying to pivot away from clothing which is just so overpriced these days & let's be real who doesn't love browsing through all those £1 items on a Saturday afternoon can't wait for the Pep & Co revamp too, hopefully they'll bring out some fun seasonal stuff too