Poundland news

25 October 2016
Earlier this year it was announced that ex-Asda chief customer officer Barry Williams was set to  join Morrisons in February 2017 as trading director for ambient, however things have changed for Williams as he now prepares to join variety discounter Poundland. Trading director role starts 14 November This unexpected shift in retailers to Poundland will see Williams take up the role ...
07 September 2016
Steinhoff’s bid to take over UK single-price point retailer, Poundland, for £610.4m has been successful with the majority of shareholders giving their support. 98% of investors back takeover South African retail group Steinhoff International has received significant support from Poundland investors in its bid to take over the discounter . With 98% backing, the deal can now go ahead....
16 August 2016
easyGroup's grocery venture easyFoodstore is looking to increase the sales space of its debut store in Park Royal as it brings more products to the mix by working with new suppliers. Trial to continue after store extension The initial easyFoodstore proposition continues to be tweaked and tested before the company will make a decision on whether or not to roll the concept out. In an int...
15 August 2016
UK variety discounter B&M continues to grow, recently reaching a milestone by opening its 100th garden centre store. Latest store opening in Salisbury The new B&M Home Store with Garden Centre has opened in Dolphin Retail Park in Salisbury. B&M opened its first garden centre store in 2011, and it seems that branching out in to this new market has been a successful move for the discount...
11 August 2016
Diversified South African retail group Steinhoff International has raised its offer for Poundland, reportedly after pressure from a US hedge fund to pay more to secure the UK-based variety discounter. Steinhoff to pay an extra £13m for Poundland The new offer, which Steinhoff describes as final, is worth £610.4m, includes 2p-a-share dividend and follows moves by activist US investment group...
28 July 2016
We visited the UK's latest discount concept at its first store in Hinckley, Leicestershire, to see what they new retail is doing differently to attract shoppers in such a competitive retailer environment. GHM! (Guess How Much!) and sister clothing company PEP&CO are new retail brands by  Pepkor UK , established by ex-Asda CEO Andy Bond, and backed by South African retail group, Pepkor. ...
13 July 2016
Poundland has reached an agreement with South African group Steinhoff International to accept a cash offer of £597m. This move fits perfectly with Steinhoff's strategy as it aims to become a leading value and discount retailer within the markets that it serves. Who is Steinhoff? Steinhoff is an international group that manufactures, sources and retails furniture, household goods and g...
16 June 2016
Poundland's results for the year ending 27 March 2016 reflect both a challenging market and disruptive trading from its recent 99p Stores acquisition, however the discounter is confident that this has prepared the ground for future growth. FY 2015/16 in numbers Total sales for the year came in positive at £1,326m, up 18.7% on the year before, due to the 53% increase in stores across ...
07 June 2016
In an interview with The Times, Lennart Lajboschitz, founder of international discount chain Flying Tiger (recently rebranded from Tiger), talks about the retailer's proposition and plans to grow. Creating an emotional connection Lajboschitz talks about making products emotional, therefore creating an experience between the consumer and product, which is where the magic of this successf...
22 April 2016
We take a look at how events are evolving in the discount channel as Poundland promotes its pet category for the first time and Aldi brings back its baby and toddler event. Poundland: new pet event promotes brands Poundland has introduced a pet event for the first time. The discounter puts on seasonal events that tend to be from summer onwards, making the pet event in April an idea...