Poundland news

13 July 2016
Poundland has reached an agreement with South African group Steinhoff International to accept a cash offer of £597m. This move fits perfectly with Steinhoff's strategy as it aims to become a leading value and discount retailer within the markets that it serves. Who is Steinhoff? Steinhoff is an international group that manufactures, sources and retails furniture, household goods and g...
16 June 2016
Poundland's results for the year ending 27 March 2016 reflect both a challenging market and disruptive trading from its recent 99p Stores acquisition, however the discounter is confident that this has prepared the ground for future growth. FY 2015/16 in numbers Total sales for the year came in positive at £1,326m, up 18.7% on the year before, due to the 53% increase in stores across ...
07 June 2016
In an interview with The Times, Lennart Lajboschitz, founder of international discount chain Flying Tiger (recently rebranded from Tiger), talks about the retailer's proposition and plans to grow. Creating an emotional connection Lajboschitz talks about making products emotional, therefore creating an experience between the consumer and product, which is where the magic of this successf...
22 April 2016
We take a look at how events are evolving in the discount channel as Poundland promotes its pet category for the first time and Aldi brings back its baby and toddler event. Poundland: new pet event promotes brands Poundland has introduced a pet event for the first time. The discounter puts on seasonal events that tend to be from summer onwards, making the pet event in April an idea...
21 April 2016
Following news last year that Poundland would trial a multi-price fascia in the UK, the discounter has unveiled the new concept as Poundland & more, with the first store now open in Slough, Berkshire. Six trial stores to open in April 2016 The Slough store, and the remaining five that will open this month, were all larger 99p Stores units.  The locations for the upcoming trial stores are Gi...
14 April 2016
Leading UK single price discount retailer, Poundland has announced Q4 sales up 29.8%, significantly boosted by the addition of the the 99p Stores estate, which contributed some 26 percentage points of growth (£67m).  Full year growth (to 27 March) was 17.9%, with turnover reaching £1,310m. Core business growth slowing Full year growth within the core Poundland business (excluding 99p Sto...
23 March 2016
The UK discount channel has had some exciting and interesting developments in the first quarter of this year. Here we explore a new entrant in the variety discount channel and Lidl's new online community hub. GHM!: new discounter set up by ex-Asda CEO GMH! (Guess How Much!) aims to be a 'one-stop shop for mums', selling general merchandise, ambient grocery, and clothing from Pep & Co: Bond'...
03 March 2016
The founders of 99p Stores are partnering with the owner of Poundstretcher to bring UK shoppers more variety to the discount channel with a new single-price point chain. Meetings underway with suppliers Just six months after the Lalani family sold  99p Stores chain to Poundland , they have set up an office in Leicester at the head office of Crown Crest: Poundstretcher's owner. Accor...
02 March 2016
Poundland's Jim McCarthy is stepping down from his role as CEO after 10 years to begin his retirement. Ten years at the top During his time at the helm, McCarthy has led the discounter's success, taking sales since he joined in 2006 from £310m to £1.1bn in 2015. Other recent significant achievements include acquiring the 99p Stores estate to make Poundland the largest discounter in t...
02 March 2016
Poundland's latest celebrity collaboration with ex-Ground Force host Charlie Dimmock brings shoppers a new value gardening range. 120 lines in new gardening range The new range, called 'In the garden with Charlie Dimmock', comprises of 120 new lines, in time for the spring and summer seasons. The range is split into eight categories, which include solar lighting, planting accessor...