Poundland news

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...

Poundland has announced major transformation plans, according to Retail Gazette. This follows on from the evolution we saw last year where Poundland introduced a new pricing structure and grew its grocery range to include chilled and frozen.  Trialling online delivery  This week Poundland will be closing one of its stores in Cannock, to convert it to an online fulfilment centre. It will beg...

Major UK-based variety retailer Poundland has revealed new insight into recent trading in just published annual accounts. Revenues returning to pre-lockdown levels Though classed as an essential retailer during the lockdown, Poundland closed 85% of its stores where customer reduced customer traffic made them unprofitable in the short term. As stores have reopened progressively, revenue has ...

Poundland's parent group Pepco has released its H1 results, for the six months ending 31st March 2020. Also, its year-to-date results for the five months prior to the end of February 2020. The results reveal a positive performance for Poundland and Dealz with like-for-like growth in both periods. Like-for-like growth for Poundland and Dealz but fall in profits Overall the Pepco group's reve...

We round up the latest news in discount and variety discount in the UK and Ireland from the w/c 15th June. Poundland resumes the rollout of its new chilled and frozen range Poundland paused the rollout of its new chilled and frozen range at the start of the pandemic. The new lines had initially been introduced to 20 stores, with a further 10 having chilled only. Before the pandemic ...