Is Poundland booming or dying?
From our UK edition
Is Poundland a declining business, racking up losses and teetering on the brink of insolvency as higher wage costs and squeezed household budgets eat into an uncompetitive retailer’s margins? Or are asset-stripping corporate raiders trying to force a booming business into administration after loading it with debt, putting more than 10,000 people out of work just before Christmas, so they can flog the last of the stock while leaving suppliers with the bill? Both those stories were suggested when Fraser Nelson interviewed Reform UK’s shadow Treasury secretary Robert Jenrick on Sky News’s Sunday Morning With… yesterday. Nelson said Poundland’s sales are down 12 per cent while Jenrick said they were up by 6.