Poundland news

17 July 2019
Poundland has shown improving results, with revenue rising 1.6% in H1 for the half year ending 31 March 2019. Growth driven by clothing Revenue rose to £811m in H1, an increase of 1.6%. This was driven by a strong Q2 performance of +3.1%, improving on the results of Q1 where sales were +1.6%. The success of Pep&Co clothing was behind the results, as it saw a sales increase of 32.2% for H1. ...
09 May 2019
Poundland seeks to widen its appeal by expanding its product offering. The includes growing both its fresh and beauty range, and the launch of a new meal deal. New fresh meal deal Poundland will be increasing its fresh offering, adding 22 new products to its range, according to The Grocer. These will be a mix of branded and private label products, including fresh fruit and a range of sandwi...
07 March 2019
Poundland's parent company Pepkor has released its latest financial results for Q1. Poundland: positive results driven by clothing Total revenue: €516m (GB£433m) an increase of 0.6% Stores: 882 an increase of 0.2% Despite the broadly flat performance Pepkor was happy with the results, given the weak UK consumer backdrop. The results built on the positive Q4 results of ...
14 January 2019
Pepkor Europe-owned Dealz, part of the Poundland family, plans to open 20 stores in Spain over the next three years. Dealz currently has 10 stores in Spain, after opening two in Q4 2018. InfoRetail reports the news as part of an interview with the company. Targeting shopping centres and high streets Dealz will continue to open its new stores in shopping centres and high streets and start op...
13 December 2018
We bring you three examples of how value retailers are finding new ways to stand out and drive sales this Christmas. Poundland: pre-wrapped Secret Santa gifts Poundland is trialling a 'secret santa' aisle in its Stratford store. All of the products cost £1 and are pre-wrapped, making the purchase a secret for the shopper also. The initiative is aimed at workplace secret santas, where collea...
11 December 2018
Poundland's parent company Pepkor Europe has revealed its latest financial results for Q4 and the full year ended 30 September 2018. Group update A positive year in terms of sales for Pepkor Europe as it expands its footprint across the continent with its three brands: Poundland, Dealz and PEPCO. Q4 sales : €781m (£691m), +12.9% FY sales : €3,049m (£2,696m), +10.6% FY Stores:...
11 December 2018
Variety discounter Poundstretcher has revealed its annual results for the year ending 31 March 2018. Sales drop 2.5% YoY In 2017/18 Poundstretcher generated sales of £387.4m, down 2.5% on the previous year, equating to almost £10m. Profit before tax came in just over £2m, down 24.2% year on year. In its annual report filed with Companies House, Poundstretcher has attributed its performance ...
23 November 2018
Poundland appoints new trading director and finance director to complete its senior team. Trading director: Tim Bettley Tim Bettley will begin his new role at Poundland at the start of the new year. He joins from The Original Factory Shop where he has was commercial director since November 2015. Bettley has previously had senior roles at Morrisons and Peacocks; demonstrating his experience ...
01 November 2018
Poundland has filed results with Companies House for the 79 weeks from 28 March 2016 to 1 October 2017. Following its acquisition by Steinhoff, there has been a change in reporting date from March to September, and as a result the discounter has reported its latest results for the UK and Ireland over an 18 month period. Key financial results Sales: £2,246m Like-for-like sales: 2.7...
20 September 2018
Poundland is the latest retailer to acquire former Poundworld sites. Poundland to acquire 20 former Poundworld stores Variety discounter Poundland has announced plans to open stores in 20 sites formerly operated by Poundworld. These include eight larger sites, which will allow space for Pep&Co clothing alongside Poundland's core grocery and general merchandise range. Stores are expecte...