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The Independent UK
The Independent UK
Business
Holly Williams

Poundland issues store closures update after axing 2,200 jobs

Poundland has announced the completion of a sweeping restructure that saw the discount retailer close nearly 150 shops and axe 2,200 jobs, though it concedes there remains "much to do" to stabilise the business.

The troubled chain, which secured High Court approval for its restructuring plan last August, confirmed it concluded the year with 651 sites, a significant reduction from approximately 800 stores prior to the overhaul.

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