Poundland news

14 July 2022
Pepco reported total Group sales rose 17.1% to €1.21 bn, with like-for-like sales up 4.9% in the three months to 30 June. Expansion continued to drive total sales growth, with the retailer opening 115 new stores during the quarter. Pepco banner outperformed Poundland in Q3… While Group sales rose 17.1%, it was the Pepco banner’s growth of 28.5% that drove overall performance. The retailer h...
05 July 2022
As Poundland looks to expand its range selling at £1 or less and Poundstretcher returns to profit, we round up news from the retailers. Poundland returns to £1 roots to drive value perception Poundland is to increase the share of products it sells at £1 or less to 60% as it looks to project its value messaging and support shoppers. The retailer has moved away from its fixed price roots over...
14 June 2022
Announcing its strong first half results, Pepco has underlined the challenges it is seeing emerge in the UK as the cost-of-living crisis impacts on shopper spending. Group revenues rise 18.9% in H1… Across all its operations in Europe, Pepco reported revenues rose 18.9%, on a constant currency basis, to €2.37 bn. Store growth remained a key driver of this growth, with store numbers rising 1...
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...