Poundland sold for £1 with shops set to close
Poundland sold for £1 with shops set to close
www.bbc.co.uk
Poundland sold for £1 with shops set to close
5 comments
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Sold to an "investment" firm.
That's that then. It'll be plundered, all value extracted, staff sacked, shops closed and in 10 years we'll see a "Remember Poundland? What happened to them?" on Buzzfeed UK.
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The problem with pound land was always that they not only made their USP "everything for a pound" they baked it into their name and whole premise. So when inflation inevitably devalued the pound too far, little by little the number of items available at £1 dropped along with the quality of the products.
I can't tell you how disappointed I was to find out they had stuff in there that cost more than a pound. And what is the point of a pound shop that doesn't sell anything at a pound.
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Same went for their rivals, Poundworld and 99p Stores, both of which have already long since bitten the dust.
Meanwhile their rivals that don't bother with the fixed price gimmick (B&M, Home Bargains, Poundstretcher) seem to be doing better.
Poundland is never as cheap as you think it will be, anyway, even when they do stick to under £1. They just sell smaller packages of products than other shops; it's not like they're selling anything at a loss.
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Ashens gonna get pissed.
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Terrible headline. It sounds like Poundland is fully going away, rather than them closing some shops and cutting the unprofitable fluff such as the clothing line (which is what the article says).