Analysis: Five things you need to know about value giant Poundland
Despite rolling out a multi-price strategy, Poundland is leaning back into its eponymous £1 price point as the cost-of-living crisis mounts for customers. But how is the retailer equipped to handle declining consumer spend and confidence as a recession looms?
Shortly after hailing its success at reaching a multi-price strategy milestone, with more than a third of its sales made at prices other than £1, Poundland announced that it will be leaning more heavily into its “iconic” £1 price-point to help consumers hit by rising inflation.
Managing director Barry Williams said: “It’s clear customers are shopping more intentionally and that’s why we’re leaning into our £1 price point.”
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