Poundland put up for sale after sales slump in 'challenging' conditions for high street

The owners of Poundland put the discount chain up for sale today blaming the “increasingly challenging UK retail landscape” for holding back the business.London listed but Polish headquartered Pepco, which runs clothing stores under that across the Continent, said Poundland “has been a drag on the group’s financial performance” with lower profits and growth than the rest of the group.