Poundland news

09 October 2020
Variety discounter Poundland has acquired frozen food specialist Fulton Foods, as part of its continued evolution towards offering shoppers a greater grocery offering. What? The purchase was made for an undisclosed amount, however the retailer has said it is part of a £25m investment into its grocery offering over the next two years. Key elements of the deal; Poundland will retain ...
24 August 2020
We look at the latest news from the discount channel in UK and Ireland. Lidl Ireland reaches €2bn sales Lidl's turnover in Ireland has reached over €2bn, according to The Irish Times. The discounter has over 200 stores in Ireland, 40 of which are in Northern Ireland. By the end of 2020 Lidl is looking to open a further 11 stores and refit or extend a another 12. It also plans to open a new ...
28 July 2020
Variety discounter Poundland will be adding free from products to its grocery range and new lines to its entertainment and stationery range, as part of its transformation plans. New products, new prices Poundland will be trialling its new free from range at 16 stores. This includes milk, snacks, cereals, bakery products and pasta. It will also be adding new, higher priced items to its en...
17 July 2020
Poundland has announced major transformation plans, according to Retail Gazette. This follows on from the evolution we saw last year where Poundland introduced a new pricing structure and grew its grocery range to include chilled and frozen.  Trialling online delivery  This week Poundland will be closing one of its stores in Cannock, to convert it to an online fulfilment centre. It will beg...
09 July 2020
Major UK-based variety retailer Poundland has revealed new insight into recent trading in just published annual accounts. Revenues returning to pre-lockdown levels Though classed as an essential retailer during the lockdown, Poundland closed 85% of its stores where customer reduced customer traffic made them unprofitable in the short term. As stores have reopened progressively, revenue has ...
23 June 2020
Poundland's parent group Pepco has released its H1 results, for the six months ending 31st March 2020. Also, its year-to-date results for the five months prior to the end of February 2020. The results reveal a positive performance for Poundland and Dealz with like-for-like growth in both periods. Like-for-like growth for Poundland and Dealz but fall in profits Overall the Pepco group's reve...
19 June 2020
We round up the latest news in discount and variety discount in the UK and Ireland from the w/c 15th June. Poundland resumes the rollout of its new chilled and frozen range Poundland paused the rollout of its new chilled and frozen range at the start of the pandemic. The new lines had initially been introduced to 20 stores, with a further 10 having chilled only. Before the pandemic ...
27 May 2020
In this article we round up the latest initiatives seen in the discount and variety discount channel, to address the challenges created by the coronavirus (COVID-19) outbreak. Aldi launches traffic light system to control customer flow Aldi is implementing a new automated traffic light system at entrances to stores, to control the flow of customers. The retailer will be rolling out the syst...
26 May 2020
Pepco-owned Dealz, part of the Poundland family, plans to open 10 new stores in Ireland this year, according to the Irish Independent. Continued expansion There are currently 65 Dealz stores in Ireland, with plans to continue to open around 10 stores a year, for the foreseeable future. Alongside the expansion, the retailer is looking to make improvements to existing stores, replicating t...
27 April 2020
In this article we look at what UK variety discounters are doing to address the challenges created by the Coronavirus (COVID-19) outbreak. Temporary store closures B&M will be closing 49 stores as a response to the current trading conditions. The retailer has not announced what stores these will be, but has said it is likely they will be small format stores Poundland will be closing 1...