Poundland news

05 January 2017
Poundland has started the new year with its first ever sale, allowing shoppers to pick up products at half price following the costly Christmas period. Products reduced to 50p Poundland has cut the price of several core products by 50p from 1st January 2017. These include household brands such as Dolmio, Heinz, McVities and more. Beyond grocery, Poundland is focusing its new year sale on be...
28 November 2016
Leading UK discount retailer Poundland is considering closing up to 80 stores, just two months after it was acquired by South African retail giant Steinhoff, according to a report in the Sunday Telegraph. Consolidation follows rapid expansion The move to consolidate the Poundland estate follows the rapid expansion of the business last year when it swallowed rival fascia 99p Stores and conve...
24 November 2016
Three years on from Asda bringing Walmart Black Friday to the UK, retailers are deploying learnings from previous experience to create an event that attracts pre-Christmas footfall without disrupting store operations or risking customer disappointment.   Here we round up the activities of the major players. Tesco: Event extended to 11 days This year Tesco has broadened its Black Friday ev...
08 November 2016
Sainsbury's has announced the appointment of Kevin O'Byrne, the current CEO of Poundland Group, as its next Chief Financial Officer. O'Byrne replaces John Rogers who became CEO of Sainsbury's Argos on September 2nd following Sainsbury's acquisition of Home Retail Group. Poundland meanwhile has announced that Andy Bond will become its executive chairman when O'Bryne takes up his new role. Exper...
25 October 2016
Earlier this year it was announced that ex-Asda chief customer officer Barry Williams was set to  join Morrisons in February 2017 as trading director for ambient, however things have changed for Williams as he now prepares to join variety discounter Poundland. Trading director role starts 14 November This unexpected shift in retailers to Poundland will see Williams take up the role ...
07 September 2016
Steinhoff’s bid to take over UK single-price point retailer, Poundland, for £610.4m has been successful with the majority of shareholders giving their support. 98% of investors back takeover South African retail group Steinhoff International has received significant support from Poundland investors in its bid to take over the discounter . With 98% backing, the deal can now go ahead....
16 August 2016
easyGroup's grocery venture easyFoodstore is looking to increase the sales space of its debut store in Park Royal as it brings more products to the mix by working with new suppliers. Trial to continue after store extension The initial easyFoodstore proposition continues to be tweaked and tested before the company will make a decision on whether or not to roll the concept out. In an int...
15 August 2016
UK variety discounter B&M continues to grow, recently reaching a milestone by opening its 100th garden centre store. Latest store opening in Salisbury The new B&M Home Store with Garden Centre has opened in Dolphin Retail Park in Salisbury. B&M opened its first garden centre store in 2011, and it seems that branching out in to this new market has been a successful move for the discount...
11 August 2016
Diversified South African retail group Steinhoff International has raised its offer for Poundland, reportedly after pressure from a US hedge fund to pay more to secure the UK-based variety discounter. Steinhoff to pay an extra £13m for Poundland The new offer, which Steinhoff describes as final, is worth £610.4m, includes 2p-a-share dividend and follows moves by activist US investment group...
28 July 2016
We visited the UK's latest discount concept at its first store in Hinckley, Leicestershire, to see what they new retail is doing differently to attract shoppers in such a competitive retailer environment. GHM! (Guess How Much!) and sister clothing company PEP&CO are new retail brands by  Pepkor UK , established by ex-Asda CEO Andy Bond, and backed by South African retail group, Pepkor. ...