Poundland news

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...
23 September 2017
UK-based variety retailer Poundland has made significant changes to its executive team. The changes come as the discounter accelerates European expansion following last year's acquisition by South Africa based retail group Steinhoff International and its Pepkor general merchandise subsidiary. Barry Williams becomes Managing Director Barry Williams, who joined Poundland last November as trad...
02 August 2017
Poundland brings back its 50p sale in time for the school summer holidays.  Summer fun for less  Poundland always runs compelling seasonal events, and this is the second time the retailer has used a 50p half price mechanic to create extra excitement. IGD's ShopperVista research tells us 1 in 5 shoppers claim they spend more over the summer, whilst 60% of shoppers with children change the...
07 June 2017
Steinhoff International has reported encouraging results for its general merchandise division, which has been boosted by the acquisition of UK variety retailer Poundland. Poundland trading 'ahead of expectations' In the six months to 31 March 2017, Poundland traded ahead of expectations and the positive LFL sales of Q1 - the first since December 2014 - continued into Q2. Sales for the perio...
30 March 2017
As the new £1 coin is introduced, discount retailer Poundland has unveiled its new pricing strategy, however focus will remain on the core price point. New price points: 50p, £2 and £5 Poundland has introduced three new price points - 50p, £2 and £5 - taking it from a single-price retailer to a multi-price retailer following trials of  conditional spend in-store . Following customer resea...
01 March 2017
Steinhoff International has reported positive Poundland results for the three months ended December 2016. Results 'ahead of expectations' According to Steinhoff's latest financial results, the newly-acquired Poundland business performed positively, contributing £448m to the South African conglomerate. In his webcast, Steinhoff CEO Marcus Jooste revealed that this is the first time since  De...
18 January 2017
Growing discount clothing retailer PEP&CO has announced plans to expand within Poundland.  50 new shop-in-shops Following a trial last year, PEP&CO's owner Pepkor UK has decided to roll out more PEP&CO shops within large Poundland stores. This move will see 50 Poundland stores introduce the clothing concession within the next 100 days. This will almost double PEP&CO's UK presence from its c...