Poundland on brink of crisis as firm suffers £642MILLION hit putting stores at risk …C0NTINUE READING HERE >>>
POUNDLAND’S profits have tumbled by £642million – casting doubts over the retailer’s future.
Soaring price hikes triggered by recent Budget moves and a drop in sales have been blamed for the jaw-dropping losses.
1
Thousands of Poundland stores are at risk of closure following tumbling salesCredit: Getty
The new boss of Polish owner Pepco Group said it would consider “every strategic option” for the struggling UK chain.
Stephan Borchert, the chief executive of Pepco Group, said: “It is…
>