Poundland news

21 April 2016
Following news last year that Poundland would trial a multi-price fascia in the UK, the discounter has unveiled the new concept as Poundland & more, with the first store now open in Slough, Berkshire. Six trial stores to open in April 2016 The Slough store, and the remaining five that will open this month, were all larger 99p Stores units.  The locations for the upcoming trial stores are Gi...
14 April 2016
Leading UK single price discount retailer, Poundland has announced Q4 sales up 29.8%, significantly boosted by the addition of the the 99p Stores estate, which contributed some 26 percentage points of growth (£67m).  Full year growth (to 27 March) was 17.9%, with turnover reaching £1,310m. Core business growth slowing Full year growth within the core Poundland business (excluding 99p Sto...
23 March 2016
The UK discount channel has had some exciting and interesting developments in the first quarter of this year. Here we explore a new entrant in the variety discount channel and Lidl's new online community hub. GHM!: new discounter set up by ex-Asda CEO GMH! (Guess How Much!) aims to be a 'one-stop shop for mums', selling general merchandise, ambient grocery, and clothing from Pep & Co: Bond'...
03 March 2016
The founders of 99p Stores are partnering with the owner of Poundstretcher to bring UK shoppers more variety to the discount channel with a new single-price point chain. Meetings underway with suppliers Just six months after the Lalani family sold  99p Stores chain to Poundland , they have set up an office in Leicester at the head office of Crown Crest: Poundstretcher's owner. Accor...
02 March 2016
Poundland's Jim McCarthy is stepping down from his role as CEO after 10 years to begin his retirement. Ten years at the top During his time at the helm, McCarthy has led the discounter's success, taking sales since he joined in 2006 from £310m to £1.1bn in 2015. Other recent significant achievements include acquiring the 99p Stores estate to make Poundland the largest discounter in t...
02 March 2016
Poundland's latest celebrity collaboration with ex-Ground Force host Charlie Dimmock brings shoppers a new value gardening range. 120 lines in new gardening range The new range, called 'In the garden with Charlie Dimmock', comprises of 120 new lines, in time for the spring and summer seasons. The range is split into eight categories, which include solar lighting, planting accessor...
18 February 2016
We explore the opportunities for new and existing suppliers to grow with Poundland as the discounter ventures beyond its signature price point. 1. Special promotions Poundland is evolving its £1 business model in-store with  Special Promotions that allow shoppers to buy round-pound products above the £1 price point, with the condition of spending one pound. Having trialled the prom...
04 February 2016
Priya Chandarana shares details on the new grocery discount store by easyJet founder, Stelios Haji-Ioannou, following a trip to the venture's first site in Park Royal, West London. Private label wholesale brands The store's 76 ambient lines fall under three private label brands that belong to two of the UK's largest grocery wholesalers. Happy Shopper and Euro Shopper are well-established pr...
26 January 2016
Ahead of IGD's Poundland Trade Briefing next month, our Director of Retail Insight, Ben Miller , speaks to Poundland's Trading Director, Simon Twigger , about the discounter's recent results, its growing estate and new ranges. BM: Poundland recently published its Q3 results. While the city focused on profit performance, our eyes were drawn to the sales growth opportunities you are c...
21 January 2016
IGD's Retail Analyst, Priya Chandarana , and Shopper Insight Manager, Rupal Mathur , explore the newly converted Poundland in Eltham, following the discounter's acquisition of 99p Stores. Core layout and ranging In autumn 2015, Poundland started the process of converting the acquired 99p Stores estate. By the end of the year, 25 stores had been converted, including the store on Elth...