Poundland news

23 January 2014
Seasonal lines push sales reach new record The retailer has revealed that for the 13 weeks to 31 December 2013 gross sales were up 12.4% year-on-year to £348.8m. Over the five weeks to 5 January 2014, the retailer reported record sales, with the fixed-price discounter serving over seven million shoppers in the week leading up to Christmas day. During the festive period, the retailer's ...
04 November 2013
According to press reports, Poundland, the UK's leading single price discount retailer is planning to float on the stock market and has appointed Rothschild investment bank to handle the process.  The company is currently owned by US private equity investor Warburg Pincus. Valuation between £700 - £800m expected Poundland, along with other UK discounters, has been growing quickly in recent y...
01 November 2013
Poundland, the UK's leading fixed-price retailer, has cut prices to 93p in its Ipswich store to undercut a special offer from 99p Stores. Reactive pricing Poundland's aggressive pricing strategy in its Ipswich store is in response to the opening of a new 99p Stores close by. 99p Stores ran an introductory offer of all items at 94p or less for the first week of opening, as it looked to pu...
01 October 2013
High street discounter Poundland, has posted 15% sales growth to £880m in the 52 weeks to 31 March 2013. Impressive growth in FY 2012 In a challenging trading environment, Poundland's 15% growth is a considerable achievement. The results highlight Poundland's growing presence in the UK, and also the increasing level of customer acceptance of the high street discount sector in general. The ...
22 August 2013
Our shopper insight manager Vanessa Henry and our discount retail expert Emily O’Neill look for the answers. Vanessa: "Morning Emily. I’ve just been looking at our latest monthly  ShopperVista data, we’ve seen some really interesting stats around food  discounters . Nearly half (46%) of all British grocery shoppers say they went to either Aldi or Lidl for their food and grocery shoppi...
18 June 2013
The high street discount channel continues to go from strength-to-strength in the UK. As these discounters put more emphasis on their grocery offers, they will become more significant players in the industry, creating a growing number of opportunities for suppliers. Here, we bring you three trends that stood out to us as drivers of growth after we visited stores across the key players. 1. H...
16 May 2013
Fixed price discounter, Poundland, has launched a new price point of 97p to three stores, to combat competitor activity in those areas. Undercutting rivals The 97p price point has been launched in its East Ham, Dudley and Chelmsley Wood stores and will apply to all lines in those stores. These are all stores where competitors, including 99p Stores, have just opened. Poundland has not ann...
04 April 2013
Discount retailer Aldi has launched its first 'convenience' store in London. A more direct move into the convenience market The store, a former Peacocks unit in Kilburn, North West London, is approximately half the size of a typical 15,000 sq ft Aldi . The move by Aldi to open smaller stores in high footfall locations, and close to transport hubs in London, will boost competition with Sa...
04 March 2013
Poundland is building a new distribution centre in Harlow to support its rapid expansion. Investing in supply chain The new 350,000 sq ft distribution centre, costing £40m, will operate as  Poundland's main distribution centre for the south east of the UK and has the capacity to serve up to 200 stores. The new centre is planned to be fully operational by 2014. Rapid expansion Poun...
03 January 2013
The major players in the UK discount channel are turning to social media with increasing frequency as they experiment with new means of shopper communication to build character around their brands. The 'Poundland Christmas' board Over Christmas, Poundland offered customers the chance to win £250 through the social media site Pinterest. The site functions as a virtual pin-board, allowin...