Poundland has finished its acquisition of online discount retailer Poundshop.com.
The discount retailer said the move is part of a wider transformation that will see it roll out its own online store next year and will provide the infrastructure to enable a national roll-out of its e-commerce platform.
Poundshop.com, founded in 2014, has around 400,000 customers in the UK and is based in Wednesbury, West Midlands.
The sum paid for the acquisition was not disclosed.
The acquisition includes Poundshop.com’s online platform, it’s intellectual property, its picking and fulfilment operations, as well as its customer database.
The move will see Poundland offer PEP&CO clothes and homeware, and Poundland’s retail and transformation director Austin Cooke is set to lead the day-to-day operations of its online business.
Poundland began trialling online shopping in June 2021, allowing shoppers from Birmingham, Derby, Dudley, Stoke on Trent, Walsall, and Wolverhampton to buy food and drink, entertainment, DIY, and health and beauty items.
The news comes after Poundland’s parent company Pepco Group announced it is planning to create around 13,000 net new jobs across Europe in the next three years as it opens more stores across the region.
“It’s great to warmly welcome the Poundshop.com team to Poundland,” said Barry Williams, managing director at Poundland. "This acquisition puts power and pace behind our aspirations
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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