Poundland has shut down 13 stores in the UK within the last three months, posing a significant challenge for the high street. Pepco Group reported a net loss of £557 million for 2024, citing a non-cash impairment related to Poundland. Poundland aims to raise the number of items priced at £1 or less from 1,500 to nearly 2,400 to appeal to budget-conscious shoppers. CEO Stephan Borchert highlighted that the top priority is to steer Poundland back on course, with a focus on enhancing cash performance.