Poundland news

01 September 2015
Poundland has announced its launch online in the UK, a move which has been highly anticipated since its intentions to trial a transactional website were announced in early 2014. No minimum orders Poundland has announced its launch online in the UK, a move which has been highly anticipated since its intentions to trial a transactional website were announced in early 2014. Delays to t...
25 August 2015
The Competition and Markets Authority has provisionally cleared Poundland's bid for its smaller rival 99p Stores, concluding that the merger would not lead to a substantial lessening of competition in the sector. Competition not compromised by merger Poundland announced its intention to acquire 99p Stores in February for £55m and following an initial investigation, the Competition and Marke...
07 July 2015
Leading high street variety discounter Poundland has appointed former Sainsbury's convenience director as its new trading director, according to reports in The Grocer. Simon Twigger to succeed Richard Lancaster Simon Twigger has been a key figure in Sainsbury's recent development. His move to Poundland is a coup for the fast growing single price point retailer, and he brings an impressive trac...
18 June 2015
Poundland has reported full year sales growth of 11.4% for the year to 29 March 2015. Underlying pre-tax profits reached £43.7m, a strong performance at +18.6%, while the retailer has also announced that Trading Director Richard Lancaster is to leave the business. Record sales exceed £1bn Poundland hit a milestone in the last full financial year with sales reaching £1.1bn. A healthy sales y...
06 May 2015
Poundland will proceed to Phase II of the UK Competition and Markets Authority (CMA) investigation regarding the discounter's acquisition of rival variety discounter, 99p Stores. Investigation reaches Phase II Following the CMA's initial review published on 9th April 2015, Poundland requested a three week suspension. In this time, however, the discounter and 99p Stores have not addres...
27 April 2015
Following an interview between Poundland CEO Jim McCarthy and the Daily Telegraph, we look at how the retailer plans to grow.  A strong growth story to date Leading UK variety discount and single price-point retailer, Poundland opened its first store 25 years ago and has celebrated its silver jubilee year with its sales surpassing £1bn and over 590 stores.  While still UK focused, Poundlan...
14 April 2015
Poundland has reached £1bn in annual sales for the first time, with total revenue up 11.4% vs. 2014. The variety discounter has also announced strong Q4 results for the 13 weeks to 29 March 2015 with total revenue at £255mn, up 6.5% on the previous year. Strong Q4 sales up £15m YoY Poundland had a successful Q4 with strong sales up 6.5% to £255mn, excluding Spain, an increase of £15mn on t...
09 April 2015
Following an initial investigation by the Competition and Markets Authority (CMA), the acquisition is being referred for a further in-depth investigation. In-depth investigation by the CMA In February 2015, Poundland announced its intent to acquire rival variety discounter 99p Stores for £55m, however the acquisition is being referred for a further in-depth investigation. This decision co...
06 February 2015
Poundland has announced that, subject to regulatory approval, it is to acquire 99p Stores' 250 store business for GB£55 million (US$83.8 million). An important step forward for Poundland The Poundland business has gone from strength to strength over recent years, with a hugely impressive track record of double-digit growth. The business has delivered this while maintaining solid profitability...
21 January 2015
Poundland has revealed robust Q3 figures for the 13 weeks to 28 December 2014, during which it saw record Christmas trading. Q3 sales up 9.8% During Poundland's third quarter, total revenue, excluding Spain, on an actual currency basis was £328.4m, up 9.8% on the previous year (+10.2% on a constant currency basis). Poundland increased its revenue in the quarter by £29.3m, with good growt...