All Poundland articles – Page 8
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News
Poundland parent: Financial ties to Steinhoff ‘severed’
Poundland parent company Pepkor Europe’s chief operating officer Sean Cardinaal said the subsidiary has financially “severed any kind of alliance” with Steinhoff through a newly secured £180m loan.
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News
Poundland’s X-rated Elf tweets to be probed by ASA
The Advertising Standards Agency (ASA) has launched an investigation into Poundland’s lewd ‘Elf on the Shelf’ Twitter campaign.
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News
Poundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.
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News
Creditors abandon Steinhoff as crisis deepens
Steinhoff International— the parent company of Poundland, Harvey’s and Bensons for Beds in the UK — has started to lose credit lines from lenders as it grapples with an accounting scandal.
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News
Steinhoff-owned Bensons and Harvey's credit insurance cut
Bensons for Beds and Harvey’s credit cover has been cut in the wake of parent company Steinhoff’s accounting scandal, Retail Week can reveal.
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News
Poundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
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News
Poundland credit cover reduced amid Steinhoff crisis
Poundland’s trade cover has reportedly been reduced by credit insurer Atradius in the wake of parent company Steinhoff’s accounting scandal.
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News
Steinhoff chairman Wiese quits amid accounting scandal
Steinhoff chairman Christo Wiese has stepped down from the role in the wake of the group’s accounting scandal.
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News
Steinhoff 2016 results to be restated, deemed unreliable
Steinhoff has said that its 2016 financial results need to be restated as the original release can “no longer be relied upon”.
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Video
The Retail Week: Can Poundland owner Steinhoff survive?
The Retail Week team discuss Steinhoff’s accounting scandal and ask, can the owner of Poundland survive?
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Analysis
What Steinhoff's troubles mean for its UK businesses
Over the last two days, South African retail giant Steinhoff’s share price has tanked 75% and chief executive Markus Jooste has resigned.
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News
Steinhoff shares crash 75% after accounting probe
Steinhoff has had around three-quarters of its market value wiped out in just 48 hours after launching a probe into accounting irregularities.
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Opinion
Why M&S is right to review new store developments
Though clearly a hard decision to make – both in terms of the impact on jobs and politically – I firmly believe Marks & Spencer is making the right decision in undertaking a review of its current and planned store portfolio with a view to reducing the overall size of its trading estate in the UK.
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News
Steinhoff boss Jooste resigns amid accounting scandal
Poundland owner Steinhoff’s chief executive Markus Jooste has stepped down with immediate effect as the group launches a probe into “accounting irregularities”.
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Interview
Interview: Poundland and Pep&Co’s Euro guru Cardinaal
“I’ve always had an ambition to come and work in the UK,” says Sean Cardinaal, Poundland parent company Pepkor’s chief operating officer and the man tasked with driving its aggressive expansion plans.
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News
Poundland beds into homewares with mattress trial
Poundland has unveiled a range of vacuum-packed mattresses which it will sell across 20 of its UK stores on a trial basis, Retail Week can reveal.
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News
Watch: Poundland unveils cash-conscious Christmas ad
Poundland has launched its festive advertising campaign, which sees real life shoppers guess the price of its products.
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News
Retail Diary: Have we reached peak Poundland?
The Pamela Anderson of chocolate bars, slow-shopper rage and a ‘Quality’ bit of personalisation by Sainsbury’s.
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News
Pep&Co to expand into Europe through Dealz tie-up
Pep&Co will roll out shop-in-shops in Poundland’s European retail arm Dealz next year in Ireland, France and Spain.
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Data
Data: The top 30 retailers by UK store numbers
Tesco and the Co-op maintain the largest store networks, but discounters are showing the fastest growth.