logo
Poundland reveals major change for Perk scheme members

Poundland reveals major change for Perk scheme members

Customers who use the 'Poundland Perk' app will now collect 'Perk points' to be able to be spent in store.
These points can then be converted into vouchers for online or in-store usage when shoppers have spent enough to hit at least 5,000 points.
It's a change from the previous setup which had member-only discounts off hundreds of items in store.
In an email sent to Perk members from the Poundland team yesterday (May 23), it read: 'We've listened to your feedback and from May 21, 2025, the app will now be changing to points and prizes.
'That means we'll be offering all customers our very best pricing on the shelf and online – without having to add Poundland Perks prices found in the app."
Any points earned when shopping will still be totalled up on the app, and individuals will still be able to take part in the weekly competition run by the store.
It said: 'Of course, you can continue to earn points as you shop at Poundland in store and online when you scan your Poundland Perks app at checkout – and you'll still be able to play our weekly Win it Wednesday competition to win points and prizes.
Recommended reading:
Poundland confirms major change in stores and online
Morrisons reveals major change for all More Card customers
Morrisons to revamp UK stores to offer 'farm shop' produce
'Once you've accumulated 5,000 points you'll be able to convert those points to a £1 voucher to redeem In-store and online, by turning the toggle on before the 15th of every month.'
Launched in October last year, the Perks app was the value retailer's first rewards scheme and surpassed one million downloads just one month after its launch.
Following a pilot scheme in Scotland, Northern Ireland and on the Isle of Wight, the retailer created the 'convenient' app to help customers save even more in the lead up to Christmas.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Restructuring retail: Lifeline or legalised pause button?
Restructuring retail: Lifeline or legalised pause button?

Fashion United

time6 hours ago

  • Fashion United

Restructuring retail: Lifeline or legalised pause button?

Store closures, rent cuts, and creditor cramming – restructuring plans have become a familiar headline in UK retail. But beyond the legal jargon, questions are mounting: Are these plans really turning businesses around, or simply buying time? And is the sector offloading its problems onto landlords, rather than fixing what is broken? River Island is the latest high street name to turn to a court-approved restructuring plan, echoing a broader trend in how UK businesses handle financial distress. It marks a shift away from company voluntary arrangements (CVAs), which had been popular prior to 2020 and used by retailers to restructure their debts and limit commercial rent liabilities. However, as landlords grew increasingly hostile to CVAs, often challenging them in court, they began to fall out of favour. Restructuring plans, introduced in 2020 under the Corporate Insolvency and Governance Act, intended to fill that gap. Aligning more closely with the US' Chapter 11 process, they allow companies to reorganise debt under court supervision, and bind dissenting creditors if the court deems the plan as fair. Their introduction was welcomed, particularly in the wake of the pandemic, which had caused widespread financial strain on the retail sector. It answered the call for a fast-track rescue tool for viable businesses experiencing short-term liquidity problems. Landlord mistrust and job losses contrast legal stability and court assessment Still, concerns over their use are growing, particularly in regards to the fairness of the tool. In River Island's case, creditors, including landlords, had initially rejected the proposals, which included the closing of 33 stores and rent cuts across an additional 71. One is even said to have sought legal advice ahead of the court hearing, as a similar process underway at Poundland also presented cause for concern. No formal objections were raised in court, however, and the plan was approved. While indeed the process of a restructuring plan may seem unfair to some, there are benefits to their implementation. According to Lucy Trott, managing associate at Stevens & Bolton, the court plays a key role in assessing whether creditors are better off under the plan than if the company were liquidated. 'Where dissenting creditors are being 'crammed down', their position is actually improved – or at least not worsened – by the plan,' she said. Yet, as restructurings may offer a legal route to survival, it often leaves behind a trail of job losses and empty shop fronts. Poundland, whose restructuring plan is due in court soon, has already confirmed 68 store closures, with up to 80 more at risk. River Island, meanwhile, has already embarked on a redundancy programme across the business, potentially bringing job losses to 200 by the end of the year. Trade bodies like the British Independent Retailers Association (Bira) have sounded the alarm. 'We need urgent support for high street businesses,' said CEO Andrew Goodacre, urging the government to cut business rates and tackle cheap import loopholes. He stated: 'It's deeply saddening to see long-standing high street chains announcing significant profit reductions and facing existential threats. These developments provide yet more examples, if they were needed, of the urgent need to support high street businesses across Britain.' This sense of urgency reaffirms a need for swift action, though there is a worry that many of these plans offer short-term relief, not long-term solutions. Trott notes that for some, however, a restructuring plan is just one piece of the puzzle to initiate a wider restructuring. She added: 'Often a restructuring plan will propose the reduction of commercial rents while the company seeks to reduce its physical footprint, thus reducing its liabilities in the longer term and creating a leaner, but hopefully more profitable, business model going forward. As to whether the plan will fix long-term business problems – the devil is in the details.' The need for a wider perspective to mitigate long-term problems Chris Bowers, head of insolvency at Forbes Solicitors, agrees. He warns that without reconnecting with shoppers, these plans risk becoming a 'sticking plaster' that simply prolong an inevitable collapse in the near future. He continued: 'Restructuring plans concentrate on shutting stores and cutting rents. Such moves support liquidity but stop short of addressing declining sales. River Island's most recent accounts show turnover fell more than 19 percent. Any form of long-term survival needs to reconnect the retailer with consumers to boost revenues, and quickly.' For Bowers, River Island's situation is reminiscent of the demise of Arcadia Group, which restructured under a CVA in 2019 but entered administration just over a year later. 'Arcadia's restructuring focused on cutting the costs of brick-and-mortar stores, which wasn't enough to fix problems with declining sales,' Bowers said. 'River Island executives could learn from this by quickly moving from cost-cutting measures to now finding relevance with shoppers to drive vital sales.' There are signs of change, however. Upon its acquisition of Poundland, Gordon Brothers set out to realign the business with consumer demand. Next to store closures, the US firm detailed plans to wind back certain categories, like frozen foods, and invest more in womenswear and seasonal products. Both divisions are now expected to return under the guidance of an in-house team following the restructuring. The details of River Island's future plans are yet to be publicly shared, and the retailer's management team have previously shared that it had been struggling to retain relevance among its consumers as competition heightened. Trott noted, however, that while restructuring plans are focused on finances, as part of the process, the company will likely have a turnaround strategy to improve sales which are not captured in the plan, but instead move behind the scenes. Other retailers are also adapting. New Look has pledged digital investments after liquidating its Irish arm earlier this year, while Quiz offloaded part of its business to protect retail jobs after closing stores following its descent into administration. Where River Island goes next has not been made public, but the company has admitted it's struggling to compete with fast-moving, low-price players like Shein and Temu. 'It follows that the recovery plans for the company is likely to involve a greater push towards online sales, which will enable the business to adapt more quickly to changing trends, but this is not a feature of the restructuring plan itself that would have been publicised as part of the court process,' she noted. Restructuring plans are not a silver bullet, nor are they inherently flawed. They offer vital breathing space and legal-backing, but risk becoming a go-to fix for deeper issues, from changing shopping habits to digital underinvestment. For the high street to truly recover, cost-cutting needs to be matched with innovation, with a renewed focus on what today's consumer actually wants. Read more:

Dozens of Morrisons stores fail food hygiene rules
Dozens of Morrisons stores fail food hygiene rules

Telegraph

time9 hours ago

  • Telegraph

Dozens of Morrisons stores fail food hygiene rules

Dozens of Morrisons stores have failed food hygiene inspections, with some shops scoring as low as zero, as pressure mounts on the debt-laden grocer. More than 30 Morrisons stores have been told they must improve their hygiene standards after visits by safety inspectors. Two Morrisons stores in Bristol and Chingford, east London, received a score of zero over the past year, meaning they need to urgently act to address food safety concerns, while 10 were scored a one in their latest inspection. This means major improvement is necessary. Twenty other Morrisons stores, in cities including Sheffield, Milton Keynes and Epsom Downs, were told they needed to make some improvements, getting a score of two. Food safety inspectors decide their ratings based on a number of factors, including whether food is handled hygienically and if it is safe to eat. They also track if buildings have enough hand washing facilities and their pest control measures to enable good food hygiene. These inspections typically take place at least every two years. According to data that was first reported by The Grocer, Morrisons ranked worse than rival supermarkets, with Asda, Sainsbury's and Lidl having no stores ranking below a score of two. Tesco had 15 stores which were called out for poor hygiene. It will be viewed as the latest sign of pressure at Morrisons, which has been struggling to plot a turnaround. This month, Morrisons said sales had fallen by more than £1bn in its latest financial year to £17bn. This marked the supermarket's lowest annual revenues since its private equity takeover in 2021. The supermarket is grappling with high debt costs in the wake of its £10bn takeover by Clayton Dubilier & Rice, a private equity firm. In the year to November 2024, Morrisons recorded £701m of finance costs. Rami Baitiéh, Morrisons' chief executive, has been battling to revive the supermarket's fortunes, having pledged to 'reinvigorate' the supermarket. However, recent industry data has suggested that it is now on the brink of falling behind Lidl in the rankings of Britain's biggest supermarkets. Worldpanel's most recent data showed Morrisons' market share stood at 8.4pc, while Lidl's was at 8.3pc. Morrisons did not immediately respond to requests for comment. However, a spokesman told The Grocer: 'The food safety within our supermarkets, convenience and franchise operated stores is really important to us. We have taken immediate action to address and resolve all issues raised – some of which have very specific and isolated issues. We are awaiting re-rating inspections in a number of stores.'

Three Claire's stores in North Wales at risk of closing
Three Claire's stores in North Wales at risk of closing

North Wales Chronicle

time12 hours ago

  • North Wales Chronicle

Three Claire's stores in North Wales at risk of closing

Claire's revealed on Wednesday (August 13) that it had filed a Notice of Intention to Appoint Administrators ("NOI"). Interpath later confirmed Will Wright and Chris Pole had been appointed joint administrators. The administrators are set to seek a potential rescue deal for the chain, which has seen sales tumble in the face of recent weak consumer demand. This all comes after the US-based Claire's group filed for Chapter 11 bankruptcy in a court in Delaware last week. It is the second time the group has declared bankruptcy, after first filing for the process in 2018. Chief executive of Claire's, Chris Cramer, said: 'This decision, while difficult, is part of our broader effort to protect the long-term value of Claire's across all markets. 'In the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. "We are deeply grateful to our employees, partners and our customers during this challenging period.' Claire's currently has 306 stores across the UK and Ireland - 278 in the UK and 28 in Ireland, while it has more than 2,150 employees. All these stores and jobs are now at risk, following Wednesday's administration update. There are three Claire's stores in North Wales that are at risk of closing: Claire's has revealed that for now, all its UK and Ireland stores will remain open and staff will stay in their current positions. Interpath said Mr Wright and Mr Pole will be contacting all of Claire's employees in the UK and Ireland to 'provide further information about what the administration means for them'. RECOMMENDED READING: The major high street brand stores closing in September from Poundland to M&S Full list of every Hobbycraft store closing down - See if your local is shutting Santander closing Flintshire branch within hours - how you'll be affected Mr Wright, UK chief executive at Interpath, said: 'Claire's has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing. 'Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company. 'This includes exploring the possibility of a sale which would secure a future for this well-loved brand.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store