Poundland news

20 May 2014
Poundland's chief executive, Jim McCarthy, has revealed that the discounter will eventually offer click & collect from a transactional website.  Creating a multichannel experience Three months after Poundland announced it would be trialling online shopping, the discounter has revealed it wants to increase its multichannel shopper experience by giving customers the choice to pick up their ...
08 May 2014
The single-price point retailer has revealed full year sales of almost £1bn for 2013/14. S ales near £1bn mark In its full year update, Poundland has revealed it achieved sales of £997.8m in the year to 30th March, an increase of 13.3% on the previous year. While the value retailer will disclose its full audited results on 3rd July, it is said to have delivered 'a good underlying profit ...
16 April 2014
The variety discount chain has reported like-for-like sales for the year ended March 31 2014 are up 3%. New store openings Poundstretcher's overall performance has been boosted by 35 new store openings, the expansion of its range and the start of a refit programme. As part of the refit programme, the retailer is introducing its new pet offer, Pet Hut. It is understood the retailer has pla...
14 April 2014
The biggest grocery retailers are experiencing challenging market conditions. Price competition is fierce, discounters are growing, and the way people shop is changing. Is grocery missing out on economic recovery and, if so, why? What will it take to kick-start a recovery? James Walton investigates. Good news Economic recovery in the UK continues to gain momentum; output is rising, inflatio...
17 March 2014
If you have attended any of IGD's recent trade briefings you will have noticed that much of the discussion is centred around multichannel. As store sales slow and online continues to soar, retailers are looking at new ways to capture a growing share of the evolving online and digital market. Multichannel a major focus for the big grocery retailers Asda's CEO Andy Clarke spoke at length r...
12 March 2014
Flotation will see half the business sold Today's launch on the Stock Market represents the sale of 125 million shares in 'conditional' trading, and this will be followed by the issue of a further 125 million next Monday when full public trading starts.  Overall the 250 million shares sold will represent around half the total value of the company, while the remainder of the business will...
24 February 2014
Poundland has confirmed that it will launch a trial online later this year but that this would not necessarily lead to a permanent website. Trial will feature limited range Poundland's trial will not include all products available in-store. Instead, there will be a limited product range which excludes bulky items, for example, bleach. In keeping with the discounter's fixed price model, on...
18 February 2014
Poundland, the largest single price general merchandise retailer in Europe, is set to float on the stock exchange. Strong recent growth record Poundland opened its first store in 1990, and now operates a network of over 500 stores across the UK and Ireland, with plans to launch up to 10 stores in Spain over the next two years. Revenue at the retailer has grown from £641.5 million for the...
07 February 2014
Poundland, the UK's leading high street fixed price discounter has announced it is to open a number of stores in Spain under the Dealz fascia. Possible wider roll out Poundland has outlined plans to open 10 stores in Spain over a two-year period ahead of a possible wider roll out if the trial is successful. The retailer will be using the Dealz fascia, which is currently used in Ire...
30 January 2014
Steve Smith, co-founder of Poundland, is set to launch the UK's first online pound shop - www.poundshop.com - in partnership with rival Poundworld. Poundshop partners with Poundworld The website is expected to launch next week with both Poundworld and Poundshop featuring similar branding to each other. Both parties will create and operate the venture together with Poundworld supplying tho...