Poundland news

23 September 2017
UK-based variety retailer Poundland has made significant changes to its executive team. The changes come as the discounter accelerates European expansion following last year's acquisition by South Africa based retail group Steinhoff International and its Pepkor general merchandise subsidiary. Barry Williams becomes Managing Director Barry Williams, who joined Poundland last November as trad...
02 August 2017
Poundland brings back its 50p sale in time for the school summer holidays.  Summer fun for less  Poundland always runs compelling seasonal events, and this is the second time the retailer has used a 50p half price mechanic to create extra excitement. IGD's ShopperVista research tells us 1 in 5 shoppers claim they spend more over the summer, whilst 60% of shoppers with children change the...
07 June 2017
Steinhoff International has reported encouraging results for its general merchandise division, which has been boosted by the acquisition of UK variety retailer Poundland. Poundland trading 'ahead of expectations' In the six months to 31 March 2017, Poundland traded ahead of expectations and the positive LFL sales of Q1 - the first since December 2014 - continued into Q2. Sales for the perio...
30 March 2017
As the new £1 coin is introduced, discount retailer Poundland has unveiled its new pricing strategy, however focus will remain on the core price point. New price points: 50p, £2 and £5 Poundland has introduced three new price points - 50p, £2 and £5 - taking it from a single-price retailer to a multi-price retailer following trials of  conditional spend in-store . Following customer resea...
01 March 2017
Steinhoff International has reported positive Poundland results for the three months ended December 2016. Results 'ahead of expectations' According to Steinhoff's latest financial results, the newly-acquired Poundland business performed positively, contributing £448m to the South African conglomerate. In his webcast, Steinhoff CEO Marcus Jooste revealed that this is the first time since  De...
18 January 2017
Growing discount clothing retailer PEP&CO has announced plans to expand within Poundland.  50 new shop-in-shops Following a trial last year, PEP&CO's owner Pepkor UK has decided to roll out more PEP&CO shops within large Poundland stores. This move will see 50 Poundland stores introduce the clothing concession within the next 100 days. This will almost double PEP&CO's UK presence from its c...
05 January 2017
Poundland has started the new year with its first ever sale, allowing shoppers to pick up products at half price following the costly Christmas period. Products reduced to 50p Poundland has cut the price of several core products by 50p from 1st January 2017. These include household brands such as Dolmio, Heinz, McVities and more. Beyond grocery, Poundland is focusing its new year sale on be...
28 November 2016
Leading UK discount retailer Poundland is considering closing up to 80 stores, just two months after it was acquired by South African retail giant Steinhoff, according to a report in the Sunday Telegraph. Consolidation follows rapid expansion The move to consolidate the Poundland estate follows the rapid expansion of the business last year when it swallowed rival fascia 99p Stores and conve...
24 November 2016
Three years on from Asda bringing Walmart Black Friday to the UK, retailers are deploying learnings from previous experience to create an event that attracts pre-Christmas footfall without disrupting store operations or risking customer disappointment.   Here we round up the activities of the major players. Tesco: Event extended to 11 days This year Tesco has broadened its Black Friday ev...
08 November 2016
Sainsbury's has announced the appointment of Kevin O'Byrne, the current CEO of Poundland Group, as its next Chief Financial Officer. O'Byrne replaces John Rogers who became CEO of Sainsbury's Argos on September 2nd following Sainsbury's acquisition of Home Retail Group. Poundland meanwhile has announced that Andy Bond will become its executive chairman when O'Bryne takes up his new role. Exper...