Thu, 06 Mar 2025

Thu, 06 Mar 2025 Poundland could be put up for sale as taxes rise

Tax increases due in April are adding "further pressure" to the discount chain's costs, its owner Pepco Group says.
Poundland's owner, Pepco Group, is considering selling the discount chain due to increasing costs caused by tax changes coming into effect in April. The company has 825 UK stores but sales were down this January and February. A rise in employer National Insurance (NI) contributions announced in the Budget will put additional pressure on Poundland's costs. According to Pepco Group, Poundland is operating in a challenging retail landscape that is getting worse. The company is looking at all options, including a potential sale, and has said there are interested parties for the business. Pepco Group's chief executive, Stephan Borchert, believes that selling Poundland could be a good option as it would allow the business to do better under new ownership. The company's ultimate ambition is to focus on its more profitable ranges and operate under the single Pepco brand.
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