Chief executive Greg Foran outlined the planned redundancies in a memo to employees.
GlobalData finds savings increasingly drive UK secondhand shopping, while sustainability loses ground as a purchase motivation.
Group sales reached €1.198bn ($1.33bn) in September 2026.
The revised proposal from discount store chain Poundstretcher’s owner covers fewer than half of Poundland’s approximately 530 UK outlets.
The retailer plans to introduce its Zero Dollar prescription tier for US associates, covering more than 250 generic, brand-name, and specialty medicines.
