I can't comment on other areas of the country but I can't see it.cwathen wrote: ↑Sun 01 Oct, 2023 23.49I guess it depends on the site but I wonder if some of these acquisitions are to create more standalone Pep & Co stores and reopening them as Poundland with the existing Wilko shopfit is just a temporary solution to get them trading until they roll this out?WillPS wrote: ↑Sat 30 Sep, 2023 22.22 Looks like Poundland are running these shops with a very light touch rebranding: https://www.sloughobserver.co.uk/news/2 ... gh-street/
I imagine it's temporary but I expected them to close and put their normal fit out (which isn't especially elaborate) in before they started, especially since they didn't take on the staff!
One store I did notice they've bought is Bedminster, Bristol where there is already an existing Poundland in a similarly sized unit 20 seconds walk away on the same street. I can't imagine they seriously intend to keep both as Poundland stores long term and unless the Wilko unit has particularly improved rental terms over their existing store I can't imagine they've bought it just to move a few feet up the road either. A standalone Pep & Co store seems more likely to me.
Some of these new Poundland stores will be the biggest in the chain, they're well above the average size, especially for town centre locations. They'll have Pep & Co, but they're too big for it alone.
It'll be interesting to see if they trial a new format in them and that's one of the reasons they're delaying it. I know Poundland has brand recognition but they're crying out for a rebrand and become more like B&M and Home Bargains and push it's full range rather than items for a £1. The Pep&Co branding, in particular, is becoming a lot more prominent in recent years - maybe it's where they're heading.