Poundland news

Recently released results from variety discounters Poundland, Poundstretcher and B&M show the challenges of 2020, and the uncertainty that lies ahead. We look at the results in more detail and consider how each retailer is placed heading into 2022. Poundland full year results show the impact of COVID Poundland’s results for the year ending September 27, 2020, reveal the severe impact COVI...

Variety discounter Poundland has extended its online delivery trial to Nottingham, Leicester, Coventry, Telford, and Sheffield. Growing range too Poundland has expanded its online range to over 3,000 items. Poundland has also launched a new online-only category, which features exclusive items not sold in stores, including Slimfast bars and Yankee Candles. There is a fixed £4 delivery char...

Variety discounter Poundland continues to grow its grocery range, adding chilled and frozen to 37 more stores, and free-from to 300 stores. Chilled and frozen offer soon to be in over 200 stores Throughout July and August Poundland will be adding its chilled and frozen range to 37 more stores, according to The Grocer. The range is currently in 170 stores across the country and was fi...

Poundland's parent group Pepco released results for the 13 weeks to June 30th. The group saw strong results overall, with sales across all banners +45.5% and like-for-like sales +29.3%. Poundland bounces back following temporary store closures during lockdowns Poundland and Dealz saw total sales growth of +30.3% to €481m in the period, with like-for-like sales +21.1%. 22 new stores opened, ...

Pan-European variety discounter, Pepco has reported first half sales up 9% to €1,995m in the period to 31 March 2021. As well as operating the Poundland brand in the UK, the business operates the PEPCO and Dealz retail chains in continental Europe and Ireland. Boosted by 402 net new stores Ending the half with 3,246 stores in total, Pepco’s store portfolio has grown by 14.1% since March 202...

UK variety discount retailer Poundland has opened two trial Poundland Local stores, moving its brand beyond the traditional high street/shopping centre format into smaller footprint (sub-3,000 sq ft), local neighbourhood locations for the first time.  The stores located at Kendray, Barnsley and Hornsea are both in Yorkshire, and both have been developed in former Fultons Foods stores; part of the...

With COVID-19 impacting the way people shop, each channel has had to adapt to satisfy changing shopper needs. The discount channel has had a mixed experience dealing with these changes throughout the pandemic. Sales have been negatively impacted due to shoppers using fewer channels and avoiding smaller stores. For the variety discounters, such as Poundland, they have also had challenges including...

The latest results from variety discounters B&M, Home Bargains and Poundland show a mix in performance. We have seen a continuation of the patterns of previous years, with B&M and Home Bargains growing rapidly and Poundland growing slowly. The results are mainly driven by the retailers differing strategies, with B&M and Home Bargains focused on opening new stores, and Poundland focusing on revamp...

Poundland's parent, Pepco, has released its Q1 trading update, for the first quarter ending December 2020. The group as a whole saw revenue growth on a constant currency basis of 9.1%, but like-for-like sales declined by 2.1%. Poundland and Dealz performed well, with positive revenue and like-for-like growth. We look at the performance in more detail and consider how the retailer's evolution will...

Despite being an essential retailer, Poundland will once again be temporarily closing some of its stores as a result of the current lockdown. Reduced footfall leads to 'temporary hibernation' of 44 stores Poundland has put 44 stores into 'temporary hibernation', according to The Grocer. Stores closed on 8th January. Poundland has not given a date for when the stores will reopen, due to the ...