Poundland news

04 September 2018
Poundland's nine month results reveal a decline in sales, but like-for-likes remain in growth.  Sales decline reflects fewer stores trading  Poundland reported total sales of €1,324m for the nine month period ending 30 June 2018, a decline of 5% (3% at constant exchange rates). This reflects 60 fewer stores trading compared to the previous period. The retailer's like-for-like sales rem...
14 August 2018
Variety discounter Poundland has launched a new private label skincare range, with all six products priced at £1. New private label brand: #6 Poundland is growing its value private label offer with a new skincare range called #6 . The premium-looking skincare range consists of six products, which form a complete skincare range. With these new products, Poundland aims to fit all budgets and...
02 August 2018
We visited Poundland's Luton store to see how the discounter is attracting more shoppers and driving sales with its new Pep&Co shop-in-shop. 90-bay shop-in-shop Poundland Luton has an impressively large clothing offer, with Pep&Co taking up approximately one third of the sales space. A total of 90 bays, encapsulating the entire Pep&Co collection, is merchandised at the back of the store. De...
02 July 2018
Like-for-like sales grew 2.4% in the six months to 31 March 2018. Sales decline reflects fewer trading stores First half results highlights included positive like-for-like sales growth, and maintaining margin rates, despite a tough trading period. However, Poundland sales declined -6% to EUR 900m (down EUR 54m from the previous year), reflecting approximately 60 store closures at the end...
01 March 2018
Poundland reported like-for-like sales up 5% in the Christmas quarter, whilst decline in total sales reflects net store closures. In Europe, the first Dealz stores open in Poland. Healthy like-for-like performance from Poundland In the three months ending 31st December 2017, sales in Steinhoff's European general merchandise division saw double digit growth of 10% year on year, reaching EUR ...
18 January 2018
Discounter Poundland shares plans to extend its Pep&Co clothing concession to more than 150 new locations. Roll-out follows Christmas success Pep&Co MD Adrian Mountford reported that over Christmas Pep&Co sold 1m more units than during the whole first year of trading in standalone Pep&Co stores. This success echoes Poundland's strong trading performance over Christmas.   Doubling the num...
04 January 2018
The discounter reports a record Christmas performance, as well as securing funding independent of parent company Steinhoff, as investigations continue into accounting irregularities. Best-ever Christmas performance Poundland reported sales up 5.6% in the 12 weeks to Christmas Eve, including robust like-for-like sales up 6% in the three weeks before Christmas. These results are Poundland's b...
06 December 2017
Steinhoff under investigation for accounting irregularities; ambitions to scale up store networks in Europe; new categories and services in development in the UK; Christmas initiative offers gifting inspiration. Steinhoff CEO resigns, as accounting irregularities are under investigation CEO of Steinhoff International Markus Jooste resigned with immediate effect, as the company has asked PwC...
04 December 2017
Iceland, Co-op and Poundland are the last to release their Christmas adverts. Asda Asda became the first of the major UK food retailers to launch a Christmas advertisement. In a set that resembles Willy Wonka’s chocolate factory, Asda has reproduced the magical feel of Christmas whilst upholding a clear focus on tradition and food. The messaging should help build on Asda's recent work to...
30 November 2017
Latest news includes Pep&Co’s European expansion and the release of Poundland’s exclusive chocolate bar ‘Twin Peaks’. Pep & Co expansion into Dealz stores According to reports from Retail Week, discount clothing provider Pep&Co plans to expand into Europe through its partnership Dealz, the European banner of Poundland. The discount chain will introduce Pep&Co via shop-in-shop format in Irel...