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Budget retailer Poundland – which acquired 250-store strong rival, 99p Stores, in 2015 – has brought in AlixPartners to manage the closure of around 60 of them in the UK. After buying up the rival stores, Poundland began a process of converting the 99p Stores to Poundland leases, but around 60 of them have been deemed unprofitable. Poundland had initially tried to sell them, but after failing to offload the units to other retailers, these remaining 99p Stores are now being put into administration.

poundland

See : www.retail-week.com

Peter Crush for Consultor.news

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