Discount high street chain Poundland could be put up for sale as owner Pepco Group braces for the impact of tax changes hitting next month.
Polish firm Pepco revealed sales were down in the first two months of 2025 at its 825 UK Poundland stores.
And the group highlighted, the BBC reports, that the National Insurance contributions hike taking effect in April will "add further pressure".
It added that the "increasingly challenging UK retail landscape" was "only intensifying".
As a result, Pepco Group confirmed it is looking at ways to separate itself from Poundland "including a potential sale", with the chain's future likely to be decided by September this year.
FTSE 100
The UK's flagship share index, the FTSE 100, was down 62-points at 8,658 shortly after opening this morning.
Brent crude oil futures were up 0.79%, trading at $69.97 a barrel.
Companies reporting today
Just Group | Full Year Results |