Poundland on brink of crisis as firm suffers £642MILLION hit putting stores at risk ...Middle East

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. GettyThousands of Poundland stores are at risk of closure following tumbling sales[/caption] 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 important to look at every strategic option for this compan

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