{"id":204115,"date":"2025-06-22T03:13:12","date_gmt":"2025-06-22T03:13:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/204115\/"},"modified":"2025-06-22T03:13:12","modified_gmt":"2025-06-22T03:13:12","slug":"major-update-over-reason-for-poundlands-downfall-after-being-sold-for-1","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/204115\/","title":{"rendered":"Major update over reason for Poundland&#8217;s downfall after being sold for \u00a31"},"content":{"rendered":"<p>Retail experts have spoken out over the sale of Poundland, which has Birmingham stores, after it was sold for \u00a31.<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/0_poundland.jpg\" alt=\"Retail experts have spoken out over the sale of Poundland, which has Birmingham stores, after it was sold for \u00a31.\" loading=\"eager\"  \/>Retail experts have spoken out over the sale of Poundland, which has Birmingham stores, after it was sold for \u00a31.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">A major update has been issued over Poundland closures &#8211; after &#8220;how it lost its appeal to shoppers&#8221; emerged. Retail experts have spoken out over the sale of Poundland, which has <a class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.birminghammail.co.uk\/\" target=\"\" aria-label=\"\" tabindex=\"0\" rel=\"noopener\">Birmingham<\/a> stores, after it was sold for \u00a31.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">One Bedfordshire shopper said: \u201cIt\u2019s not actually that cheap any more. It\u2019s kind of lost its appeal because everything is not a pound.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">A second said: \u201cEverything in there is not a pound and, even if it is, it can be smaller than normal. It is not really an attractive place to shop.\u201d A third commented: \u201cI always find it a bit hectic in Poundland. I don\u2019t tend to go in. B&amp;M has more choice.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \"><a class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.birminghammail.co.uk\/whats-on\/shopping\/asos-bans-thousands-customers-with-31904379\" target=\"_self\" aria-label=\"\" tabindex=\"0\" rel=\"noopener\"><strong class=\"Strong_strong__e2x35\">READ MORE ASOS bans thousands of customers &#8216;with immediate effect&#8217; and deletes accounts<\/strong><\/a><\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">One former Poundland director, said the brand had \u201clost its way\u201d by becoming \u201cfar too complicated and confusing for customers\u201d. Emily Scott, a retail analyst at GlobalData agrees: \u201cThe introduction of multiple price points has confused customers, while still not enabling shoppers to trade up within its ranges as it lacks the additional choice of mid to premium products.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">She adds: \u201cPoundland\u2019s weak variety of branded goods at low prices has meant it has struggled to keep pace, damaging its brand perception amongst brand- and budget-conscious shoppers.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">Poundland said: \u201cDespite continuing to serve 20 million shoppers a year, we know we\u2019ve not met customers\u2019 expectations in a number of areas over the last couple of years.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">\u201cWe\u2019ve heard them and we\u2019re looking forward to having the opportunity to put those missteps right as we put our recovery plan in place.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">Barry Williams, the managing director of Poundland, said: \u201cIt\u2019s no secret that we have much work to do to get Poundland back on track.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">&#8220;While Poundland remains a strong brand, serving 20 million-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \">\u201cIt\u2019s sincerely regrettable that this plan includes the closure of stores and distribution centres, but it\u2019s necessary if we\u2019re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Retail experts have spoken out over the sale of Poundland, which has Birmingham stores, after it was sold&hellip;\n","protected":false},"author":2,"featured_media":204116,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7820],"tags":[855,748,393,4884,6704,16,15],"class_list":{"0":"post-204115","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-birmingham","8":"tag-birmingham","9":"tag-britain","10":"tag-england","11":"tag-great-britain","12":"tag-poundland","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114724838605872534","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/204115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=204115"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/204115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/204116"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=204115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=204115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=204115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}