Poundland news

22 April 2022
Home Bargains sales surpass £3bn The retailer’s revenue increased 20% in the year to 30 th June 2021 to £3.3bn. Alongside this, operational profit increased 52% to £394m in the period. Pre-tax profits rose similarly 51% to £396.7m. Growth was partly driven by new store openings, with the retailer opening 27 in 2021, bringing its total to 552 stores. This followed 19 store openings in 20...
04 March 2022
Variety discounter Poundland has acquired online retail business Poundshop.com for an undisclosed amount. Who is Poundshop.com? Poundshop.com was founded in 2014. It has over 400,000 customers across the UK. The company employs 65 colleagues and is located close to Poundland’s head office in the West Midlands. Poundshop.com sells branded consumer products priced between £1 and £5 and ...
17 February 2022
Poundland opened its largest store in the UK last week in Nottingham, revealing a different side to the variety discounter. Here’s five things we loved about the new 15,000 sqft store: 1. Big, bright, and bold Everything about this Poundland looks different. The low site lines, new fixtures and expanded range give shoppers a very different experience to a standard Poundland store. It f...
14 January 2022
Pepco, owner of PEPCO, Poundland and Dealz, has announced its Q1 trading results. Poundland’s continued evolution drives sales Key numbers for Q1 (ending 31 st December): +12% total group revenue year-on-year (led by PEPCO at +20%) +1.5% like-for-like growth for Poundland Poundland’s results follow a positive FY2021 for the retailer, when it saw like-for-like sales of +...
06 January 2022
The opening week of 2022 has brought with it a number of senior people moves. Below we summarise the key appointments.   Major changes to Asda’s executive leadership team Asda has announced that Nisa CEO Ken Towle will join the retailer’s executive leadership team later this year as retail director. He will succeed Derek Lawlor who has decided to leave the business after six years. ...
16 December 2021
European variety discounter Pepco has reported total revenue growth, in reported currencies, of 17.2%. At constant currencies the retailer said total revenue growth stood at 19.3% for the year, underpinned by the opening of new stores. Retailer ends its financial year operating 3,504 stores During its 2021 financial year Pepco opened 483 new stores, taking its total to 3,504 at the end of t...
19 October 2021
2021 has been a busy year for variety discounter Poundland. It launched an online trial, opened its first convenience store banner, and continued to grow its grocery range. The retailer’s evolution shows no sign of slowing down as we head into winter. Fulton Foods transformations Following its acquisition of the frozen food specialist Fulton Foods in October 2020, Poundland continues to c...
14 September 2021
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...
20 August 2021
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...
27 July 2021
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...