Poundland news

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 ...

Variety discounter Poundland has acquired frozen food specialist Fulton Foods, as part of its continued evolution towards offering shoppers a greater grocery offering. What? The purchase was made for an undisclosed amount, however the retailer has said it is part of a £25m investment into its grocery offering over the next two years. Key elements of the deal; Poundland will retain ...

We look at the latest news from the discount channel in UK and Ireland. Lidl Ireland reaches €2bn sales Lidl's turnover in Ireland has reached over €2bn, according to The Irish Times. The discounter has over 200 stores in Ireland, 40 of which are in Northern Ireland. By the end of 2020 Lidl is looking to open a further 11 stores and refit or extend a another 12. It also plans to open a new ...

Variety discounter Poundland will be adding free from products to its grocery range and new lines to its entertainment and stationery range, as part of its transformation plans. New products, new prices Poundland will be trialling its new free from range at 16 stores. This includes milk, snacks, cereals, bakery products and pasta. It will also be adding new, higher priced items to its en...