Steve Smith: Poundland entrepreneur Steve Smith launched Poundshop.com in February with the strapline "Yes! Everything is still 1", selling a product mix from felt-tip pens to kitchen towels. The site was overwhelmed by traffic on its debut as shoppers flocked to what Smith described as a Poundland-style "treasure hunt-type experience", according to The Guardian. Other aspects of managing the business, from operations to customer service and marketing, were led by Smith, who claimed to have introduced the US-style single price format to the UK high street. Smith cut his teeth in market trading in the West Midlands and went on to found Poundland in 1990 eventually selling his interest in the chain for 50m and The discount online retailer launched by the founder of Poundland has been dealt a blow after its partner quit the project. However, Smith will now have to go it alone after Poundworld said it would withdraw from the venture. The family-run company cited "a failure to reach a shared vision" for the online store with Smith. Poundworld supplied stock and provided product images for the first ever online single price point website.
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