Poundland news

07 January 2016
Poundland has reported sales growth of 29.4% for the 13 weeks ended 27 December 2015 despite tough trading conditions over the seasonal period due to a decline in footfall. Converted 99p Stores in line with plan Total sales at Poundland grew 29.4% over the seasonal period, 30.1% on a constant currency basis. While these figures exclude the discounter's Spanish trial, they now include...
22 December 2015
Latest Kantar Worldpanel market shares for the 12 weeks to 6 December 2015 show retailer SuperValu maintain the top spot in Ireland in the lead up to Christmas. SuperValu share 24.7% Having overtaken Tesco in the 12 week market shares to 8 November, SuperValu has maintained the top spot, increasing it's market share by 0.1 percentage points to 24.7%. Despite falling shopper numbers earl...
17 December 2015
We visited Poundland's store in the affluent town of Stratford-upon-Avon to understand the retailer's latest in-store initiatives. Our visit revealed how Poundland is offering value in new and different ways to drive basket spend and attract new shoppers, creating more opportunities for suppliers. 1. Conditional spend Poundland has been trialling a 'conditional spend' promotion since las...
03 December 2015
We explore the key roles of influence of three Poundland directors ahead of February's IGD Poundland Trade Briefing. Jim McCarthy, CEO Poundland's CEO has referred to the 99p Stores acquisition as a 'transformational deal', making this a key time for Poundland's supplier base to understand the impact of this strategic move. Poundland has made huge progress in the last year to strength...
26 November 2015
Following Poundland's interim results, we explore three ways the discounter is developing its offer to win in the UK and beyond. 1. Opportunities in ecommerce Poundland's launch online has been a significant development in the UK discount channel, which has recently seen various retailers diversify beyond their core offer. Poundland's website, which offers 2,000 SKUs, is a key way in ...
25 November 2015
We update on the latest Kantar Worldpanel market shares for the 12 weeks ending 8 November 2015 as SuperValu regains the position of Ireland's largest grocery retailer for the second time this year. SuperValu overtakes Tesco Latest Kantar data shows that SuperValu has increased its market share over the last 12 weeks to 24.6%, 0.5pps ahead of Tesco. Since May, Tesco has held the number ...
19 November 2015
Poundland has reported an increase of 5.0% in group revenue for the six months ended 27 September 2015. However, like-for-like sales and profits have dipped with Poundland impacted by strong competition as it goes through a significant time of transition. Like-for-like sales drop to -2.8% Poundland's group revenue came in at £554.7m, up 5.0% on the previous year, however this positive...
06 October 2015
Jim McCarthy, Poundland’s chief executive, spoke at IGD’s Big Debate, setting out to dispel key myths around discount retailing and how the outlook for the channel remains very positive. Myth 1. Fixed price retailing cannot continue against a backdrop of inflation McCarthy highlighted how Poundland had existed for 25 years and has not raised its price point, and also how US-based Dollar Tre...
24 September 2015
Poundland has provided an update on current trading and announced plans to raise £50m to fund the acquisition of smaller rival, 99p Stores. New stores drive sales but hit profits In the 25 weeks to 20 September 2015, sales were ahead by +5.5% on a constant currency basis (+4.9% on an actual currency basis), lifted by stronger trading over the last 14 weeks when sales increased by 6.6% (cons...
18 September 2015
Poundland has announced that it has received full regulatory approval from the Competition & Markets Authority to complete its proposed acquisition of 99p Stores' 250 store business. No substantial lessening of competition Today's announcement follows the CMA's communication in August that it had granted provisional clearance for the merger. Having decided to take the proposed acquisiti...