Poundland

Steve Smith says he made an attempt to buy his old firm, but was too late.

The discount chain sets out turnaround plans a week after it was bought by a US investment firm.

After the budget retailer was sold for £1, we hear from shoppers and experts on why its popularity has waned.

The BBC understands up to 100 of the brand's 825 UK stores could close as the new owners shake up the business.

Tax increases due in April are adding "further pressure" to the discount chain's costs, its owner Pepco Group says.

The East Molesey store is handed a community protection warning by Elmbridge Borough Council.

Steven Smith founded Poundland in 1990 and sold the business 16 years later for £250m.

The high street retailer says it can no longer take over the former Wilko site in Aberdare.