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Sounds like bad news for the future of Poundworld if rumours of an impending CVA are true. Even discount retailers are not immune from overcapacity in the market, weakening consumer demand and improving competitors. Price inflation is also the Pound retailers greatest enemy. Shoppers are no longer prepared to be fobbed off by smaller products (shrinkflation) and product reengineering to match a £ price point.

This business was at its most successful when it was simple and agile, unfortunately it feels like it’s new owners have introduced greater complexity and slowed the business down a bit which has lead competitors to steal a march.

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