THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Poundland puts 44 stores into temporary hibernation

Poundland has put 44 of its stores into temporary hibernation following a drop in footfall due the coronavirus pandemic. The retailer said it has seen an… View Article

GENERAL MERCHANDISE NEWS

Poundland puts 44 stores into temporary hibernation

Poundland has put 44 of its stores into temporary hibernation following a drop in footfall due the coronavirus pandemic.

The retailer said it has seen an 80% drop in the number of shoppers visiting its stores.

Austin Cook, Poundland retail director, said: “We learned valubale lessons during the lockdown in March about how buying patterns change as people stick to government advice to stay at home.

“Putting a small numbers of stores into hibernation helps proect them for the longterm and focuses our attention on the majority of stores that remain open to serve their neighbourhoods.

“We hope this lockdown is short and we can re-open our hibernating stores as quickly as possible and we remain grateful for the vital support schemes available to us that help protect jobs.”

Poundland said staff from the affected stores will be put on furlough where appropriate.

 

 

Subscribe For Retail News