Coronavirus: Poundland puts 100 stores into ‘hibernation’

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Poundland is placing 100 of its stores into “hibernation” this week as part of efforts to stem the spread of coronavirus, Retail Week can reveal.

The value retailer, which operates an 850-strong UK store estate, is temporarily closing stores in locations where it has another outlet in operation nearby, as well as in shopping centres such Meadowhall Sheffield and Manchester Arndale, where mass closures of ‘non-essential’ stores have driven down footfall traffic.

There will be no job losses as a result of these closures, with impacted staff either placed on furlough or transferred to nearby stores.

As a result of these changes, an additional 250 central colleagues in Poundland’s offices in Willenhall and Watford who will also be asked to agree to a furlough period.

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