Poundland news

24 May 2021
UK variety discount retailer Poundland has opened two trial Poundland Local stores, moving its brand beyond the traditional high street/shopping centre format into smaller footprint (sub-3,000 sq ft), local neighbourhood locations for the first time.  The stores located at Kendray, Barnsley and Hornsea are both in Yorkshire, and both have been developed in former Fultons Foods stores; part of the...
14 May 2021
With COVID-19 impacting the way people shop, each channel has had to adapt to satisfy changing shopper needs. The discount channel has had a mixed experience dealing with these changes throughout the pandemic. Sales have been negatively impacted due to shoppers using fewer channels and avoiding smaller stores. For the variety discounters, such as Poundland, they have also had challenges including...
05 March 2021
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...
27 January 2021
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...
11 January 2021
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 ...
09 October 2020
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 ...
24 August 2020
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 ...
28 July 2020
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...
17 July 2020
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...
09 July 2020
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 ...