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Exclusive: Poundland to cut head office jobs in cost-cutting drive

Exclusive: Poundland to cut head office jobs in cost-cutting drive

Poundland is restructuring its head office in Walsall as it looks to cut costs across the business.

The discount chain is understood to have placed around 60 jobs under consultation across its supply chain, finance, IT and property teams, Retail Gazette has learnt.

It is thought the business is still in conversations with some of the impacted staff.

A spokesperson for Poundland told Retail Gazette: “Providing the amazing value we promise our customers, depends on us delivering a business that is simple and efficient so our costs are as low as possible.

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“As part of a recent review, we took action last month to make sure we continued to deliver for customers, removing some central roles where we saw an opportunity to work smarter and more efficiently.

“It goes without saying we’re doing all we can to look after colleagues impacted,” they added.

Last month, Poundland owner Pepco Group reported its third quarter sales fell below expectations as it battled with a challenging transition to its new general merchandise ranges.

Poundland like-for-like sales dropped 6.9% to £404m, which it attributed to challenges related to the introduction of new Pepco-sourced clothing and general merchandise ranges, “which are being addressed”.

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