Poundland news

Poundland's parent group Pepco has released its Q1 results, for the three months ending 31st December 2019. It shows positive performance continues at both Poundland and Dealz. Poundland and Dealz results Overall revenue growth: 3.1% Like-for-like growth: 1.3% Year-on-year store growth: 3.9% Poundland sees record day of sales Despite the challenging trading environment seen...

In its latest bid to grab a bigger share of the grocery market Poundland is rolling out its range of chilled ready meals across its entire estate. The "Bistro menu" The new range will be branded as the "Bistro menu" and each meal will cost £1.50. The range was tested initially in the trial of its new pricing structure across 24 stores in the Midlands. Using grocery to grow basket size ...

After a successful trial, Poundland has announced it will be rolling out its new pricing structure across all stores. From single price to simple price Poundland conducted qualitative and quantitative research alongside working with Kellogg’s, Heinz, P&G and Princes before launching a trial in 24 stores across the Midlands, to determine how best to evolve its pricing structure. The retailer...

Poundland is trialling a new fresh and frozen range as part of its continued evolution towards satisfying a wider range of shoppers' needs. Partnership with Fulton Foods Poundland has launched 350 new lines into its Ashbourne, Derbyshire store. This will be followed by four more stores in November, with the long-term aim to roll-out to around 250 stores in the future. The retailer has pa...

Poundland's parent company Pepco Group has appointed Trevor Masters as the new PEPCO managing director. Trevor Masters joins to deliver strong growth plans Trevor Masters previously worked for Tesco, leaving the company in May 2017. He was with the retailer for over 30 years, most recently in the role of CEO for its international operations, following successfully leading Tesco's Asian busi...

Poundland's parent company Pepkor Europe has announced it is renaming to Pepco Group, emphasising its operational and financial independence from Steinhoff. This comes after a Group refinancing and changes to the senior management team. Alongside this move the retailer has announced its expansion plans for the future. We look at these in more detail.  Business vision: Europe's largest varie...

Poundland has released its results for the nine months to June 30th 2019. Revenue growth driven by clothing Revenue from Poundland and Dealz rose to €1,358m, an increase of 3%, from €1,324m in 2018. This is an improvement on the half year ending 31 March 2019 when revenue grew by +1.6%. Performance was driven by the PEP&CO clothing shop-in-shops which are now in around 300 stores...

Poundland has begun trialling new price points to enable it to widen its range. We look at this in more detail. Trialling multiple price points The retailer will be trialling adding 50p, 75p, £1.50, £3 and £4 price points to its range. This is a build on the introduction of £2 and £5 price points in 2017. Although Poundland has previously offered products at 50p in certain stores as 'Man...

Poundland has shown improving results, with revenue rising 1.6% in H1 for the half year ending 31 March 2019. Growth driven by clothing Revenue rose to £811m in H1, an increase of 1.6%. This was driven by a strong Q2 performance of +3.1%, improving on the results of Q1 where sales were +1.6%. The success of Pep&Co clothing was behind the results, as it saw a sales increase of 32.2% for H1. ...

Poundland seeks to widen its appeal by expanding its product offering. The includes growing both its fresh and beauty range, and the launch of a new meal deal. New fresh meal deal Poundland will be increasing its fresh offering, adding 22 new products to its range, according to The Grocer. These will be a mix of branded and private label products, including fresh fruit and a range of sandwi...