The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Ashton-under-Lyne, Ballymena, Bedford, Colwyn Bay, Dungannon, Grantham and Sutton-in-Ashfield
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.19 - Other retail sale in non-specialised stores
160 jobs Number of planned job creations
Announcement Date
11 November 2020
Employment effect (start)
21 November 2020
Foreseen end date
Description
Poundland, the UK-based discount retail chain, has announced that it will open 7 new stores in the UK by Christmas, creating 160 new permanent jobs.
The managing director said that with the planned expansion Poundland is contributing to keeping shopping areas and town centres alive, at a time when many shops are closing down due to the COVID-19 pandemic. He also added that the company is planning to open further 45 stores in the next 12 months as part of a GBP 15 million (€16.5 million as at 26 November 2020) investment.
Poundland sells a wide range of products, including food and drink, health and beauty, gardening and DIY products, offering many items for GBP 1. The company opened its first store in 1990 and now it has a network of 800 stores in the UK, and it also operates in Ireland under the brand name 'Dealz'.
Eurofound (2020), Poundland, Business expansion in United Kingdom, factsheet number 102680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102680.
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