Poundland

[redruby]

I’m going to have a grumble about Poundland.  They pushed out their competitors like the 99p Store and Poundworld.  Not content with that they’ve now closed some of their own stores like Angel Street and now a lot of their stuff costs more than £1.  And a lot of the real bargains you used to be able to find has been replaced by complete tat. Is this the beginning of the end of the pound store?

[Palomar]

In a world where inflation exists a 'pound shop' can hardly carry on unchanged can it.

[Hopman]

Wasn't the Angel Street store relocated to the former T J Hughes/House of Fraser/Walsh's building?

[redruby]

8 hours ago, Palomar said:

In a world where inflation exists a 'pound shop' can hardly carry on unchanged can it.

True, but with inflation prices don’t usually increase suddenly by 50% or 100%.  That’s what Poundland have done with a lot of their products. 

[redruby]

7 hours ago, Hopman said:

Wasn't the Angel Street store relocated to the former T J Hughes/House of Fraser/Walsh's building?

Both stores were open for years but now there’s just the one in the old TJ Hughes.  The one on Angel Street used to be the 99p store, then Poundland took it over.  Realistically, no chain is going to keep two stores so close together both running for long, so they basically bought out their competition and now Poundland is now longer a pound shop. Of course, that’s business but it’s a shame.

 

Edited June 1, 2023 by redruby

[geared]

Poundworld grew too big, too quickly and took on too much debt.  It's a risky move for any company, and it didn't pay off.

 

The good news is the original owners who started the business from a market stall in Wakefield sold the majority stake to a private equity firm a couple of years before it went bust.

[zach]

2 hours ago, redruby said:

True, but with inflation prices don’t usually increase suddenly by 50% or 100%.  That’s what Poundland have done with a lot of their products. 

They did at Iceland! Some items doubled in price. Others were reduced in weight by 20%, and about 20% then added to the price. The funny bit was how the adverts for these products made out they were doing the buyer a favour. 

 

I think the £1 shop model has had its day. Even cheap tat from China has a higher shipping cost. I know a lot of people liked going to these shops, so, I hope I'm wrong.

[hauxwell]

With the cost of living rising,  Poundland couldn’t continue to sell all of its goods at £1. 
Over the last few years I’ve noticed to try and keep up with the times, the larger shops now sell clothes and they have extended their food range by rolling our chilled and frozen food.  

I’ve had a few bargains in the past, but you do have to be carful what you buy. 

 As the saying goes, you get what you pay.

 

[redruby]

2 hours ago, hauxwell said:

With the cost of living rising,  Poundland couldn’t continue to sell all of its goods at £1. 
Over the last few years I’ve noticed to try and keep up with the times, the larger shops now sell clothes and they have extended their food range by rolling our chilled and frozen food.  

I’ve had a few bargains in the past, but you do have to be carful what you buy. 

 As the saying goes, you get what you pay.

 

There are some that think the cost of living increases are being used by some businesses as an excuse for profiteering and I suspect it’s true.  I don’t think many people are daft enough to think pound stores could carry on on selling everything for £1 forever but it seems some are daft enough to think that the rising cost of living is a reason to suddenly raise prices by 50 or 100%.

It feels like Poundland is becoming more like Woolworths over time and we all know what happened to them.

[Al Bundy]

Love Poundland. Not only do you get some reyt bargains you get to see all types of evolutionary errors.  Proper entertainment.