Poundland could be pushed into administration within days, putting around 12,000 jobs at risk, according to the Union of Shop, Distributive and Allied Workers.
Hundreds of Poundland stores set to close as part of rescue deal
Thousands of high-street jobs are under threat as Poundland edges closer to a rescue deal that could result in widespread store closures.
Poundland’s Owner Considers Potential Sale of UK Discount Retail Chain
Pepco Group, the Poland-based owner of Poundland, is exploring “all strategic options”, including a potential sale of the UK discount retailer, as it faces mounting challenges in the UK retail
GMB Union Attributes Wilko’s Collapse to ‘Ineffective Leadership’
The Business Select Committee has initiated its inquiry into the downfall of Wilko, which resulted in the termination of 12,500 jobs in early September.
B&M agrees to buy up to 51 Wilko stores for £13m
Discount store B&M has confirmed the purchase of a selection of Wilko branches as the high street giant undergoes restructuring.
Monday marks the first day of job cuts at Wilko
Wilko is set to initiate the first wave of what could be numerous layoffs today, even as prospects for a partial business rescue continue.
Poundland and B&M are poised to acquire select Wilko stores, but the majority are at risk of shutting down.
The future looks bleak for most Wilko stores as thousands of jobs hang in the balance, given the administrators’ inability to secure a buyer for the beleaguered retailer.