Poundland news

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...
04 September 2018
Poundland's nine month results reveal a decline in sales, but like-for-likes remain in growth.  Sales decline reflects fewer stores trading  Poundland reported total sales of €1,324m for the nine month period ending 30 June 2018, a decline of 5% (3% at constant exchange rates). This reflects 60 fewer stores trading compared to the previous period. The retailer's like-for-like sales rem...
14 August 2018
Variety discounter Poundland has launched a new private label skincare range, with all six products priced at £1. New private label brand: #6 Poundland is growing its value private label offer with a new skincare range called #6 . The premium-looking skincare range consists of six products, which form a complete skincare range. With these new products, Poundland aims to fit all budgets and...
02 August 2018
We visited Poundland's Luton store to see how the discounter is attracting more shoppers and driving sales with its new Pep&Co shop-in-shop. 90-bay shop-in-shop Poundland Luton has an impressively large clothing offer, with Pep&Co taking up approximately one third of the sales space. A total of 90 bays, encapsulating the entire Pep&Co collection, is merchandised at the back of the store. De...
02 July 2018
Like-for-like sales grew 2.4% in the six months to 31 March 2018. Sales decline reflects fewer trading stores First half results highlights included positive like-for-like sales growth, and maintaining margin rates, despite a tough trading period. However, Poundland sales declined -6% to EUR 900m (down EUR 54m from the previous year), reflecting approximately 60 store closures at the end...
01 March 2018
Poundland reported like-for-like sales up 5% in the Christmas quarter, whilst decline in total sales reflects net store closures. In Europe, the first Dealz stores open in Poland. Healthy like-for-like performance from Poundland In the three months ending 31st December 2017, sales in Steinhoff's European general merchandise division saw double digit growth of 10% year on year, reaching EUR ...
18 January 2018
Discounter Poundland shares plans to extend its Pep&Co clothing concession to more than 150 new locations. Roll-out follows Christmas success Pep&Co MD Adrian Mountford reported that over Christmas Pep&Co sold 1m more units than during the whole first year of trading in standalone Pep&Co stores. This success echoes Poundland's strong trading performance over Christmas.   Doubling the num...
04 January 2018
The discounter reports a record Christmas performance, as well as securing funding independent of parent company Steinhoff, as investigations continue into accounting irregularities. Best-ever Christmas performance Poundland reported sales up 5.6% in the 12 weeks to Christmas Eve, including robust like-for-like sales up 6% in the three weeks before Christmas. These results are Poundland's b...
06 December 2017
Steinhoff under investigation for accounting irregularities; ambitions to scale up store networks in Europe; new categories and services in development in the UK; Christmas initiative offers gifting inspiration. Steinhoff CEO resigns, as accounting irregularities are under investigation CEO of Steinhoff International Markus Jooste resigned with immediate effect, as the company has asked PwC...