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flag Poundland plans to close one London store with up to 200 more at risk amid a 6.5% revenue drop.

flag Discount retailer Poundland is set to close one of its London stores on May 28th, with up to 200 more potentially at risk. flag The closures follow a 6.5% drop in revenue and are part of a restructuring effort by parent company Pepco to improve profitability. flag The company, which operates 825 UK stores and employs about 16,000 people, has been up for sale since March with a potential deal expected by September.

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