All Poundland articles
British discount variety retailer Poundland that sells the majority of items at £1. The first pilot store opened in December 1990 following numerous rejections by landlords who had reservations about allowing a single-price store to operate, fearing it could adversely affect the local competition. Poundland acquired closest rival 99p Stores in 2015, which left Poundworld as its closest competitor until it went bankrupt in 2018. Since 2018, Poundland has been the category killer of the pound shop format in the UK.
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Retail Navigator AnalysisPoundland (Financials)
Pepco Group reported that Poundland Group (comprising Poundland in the UK and Dealz outside the UK – the Republic of Ireland, Spain and Poland) sales increased 5.9% year on year on a reported basis to €2.23bn (£1.95bn) for the financial year to 30 September 2023 (FY2023), while UK and ROI sales increased 5.9% to €2.0bn (£1.74bn). The Poundland Group contributed 40% of the Pepco Group total revenue. Total Poundland Limited sales (UK, Republic of Ireland and Isle of Man) increased 11.7% to £1.77bn for the 53 weeks to 1 October 2023 (FY2023).
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NewsPepco is expecting to see ‘record revenues’ despite ongoing supply chain disruption
Pepco Group, which owns Poundland and Dealz, said it expects to see “record revenues” for the full year despite continuing supply chain issues.
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AnalysisA year since its collapse, where should Wilko focus to win back customers?
It’s been one year since value retailer Wilko fell into administration, which saw the beloved high street chain close 400 stores and cost 12,000 people their jobs.
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NewsPoundland is axing head office jobs to ‘work smarter and more efficiently’
Value variety retailer Poundland is cutting jobs across its head office in Walsall, West Midlands, as the business looks for ways to limit costs and work “smarter and more efficiently”.
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Retail Navigator AnalysisPoundland (Strategy)
Poundland once again doubles down on its eponymous £1 price point, with a new price campaign that focuses on the value of its growing grocery range. It highlights that over 1,000 grocery items in every Poundland store cost £1 or less.
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NewsPepco revenues have dipped after supply chain disruption
Variety discount retailer Pepco has recorded a dip in like-for-like revenues as “company-specific issues” impacted sales.
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InterviewAustin Cooke: The MD leading Poundland's makeover
From buying up Wilko units to an intensive store transformation programme and digital developments, Poundland has had a busy few years. Managing director Austin Cooke tells Retail Week why there’s no room for complacency when it comes to customer experience
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NewsExclusive: Poundland to launch new rewards scheme
Poundland is launching its reward scheme in Scotland for the first time, Retail Week can reveal.
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NewsPoundland launches ‘unbeatable’ value meal deal
Poundland has introduced a new in-store meal deal selection, which it says is “unbeatable” on price.
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NewsPepco Group's strategic priorities deliver record revenues
Pepco Group half-year results show that it is delivering on the strategic priorities it set out last year.
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DataRevealed: The most-popular value retailers online
With the value sector remaining popular with UK shoppers, Retail Week teamed up with SimilarWeb to track which discount retailers have been seeing the most traffic to their websites over the past two years
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AnalysisWill ex-Morrisons men make Poundstretcher another shrewd buy for Fortress?
Last week, it was announced that Majestic Wine and Punch Pubs owner Fortress had acquired discount retailer Poundstretcher, along with a new leadership team made up of ex-Morrisons staff.
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NewsPepco group sales rise but like-for-likes stutter as it unveils new CEO
Pepco has delivered something of a mixed bag as group sales jumped but like-for-like sales lapped tough comparatives as it unveiled a new group chief executive.
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NewsPoundland to make TV advert debut
Poundland will showcase its new clothing, homewares and grocery ranges in its TV ad debut.
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GalleryPoundland begins ‘modern and bright’ makeover of 150 stores
Poundland has announced that some of its branches will receive a makeover from this week, with 150 stores to be transformed by August.
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NewsPoundland launches rollout of new look to 150 stores
Value retailer Poundland is to revamp 150 branches by August in a “top-to-bottom refresh” as it also extends key ranges.
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NewsMatalan poaches new CFO from Poundland
Matalan chief financial officer Stephen Hill has stepped down from his role and will be succeeded by former Poundland finance director Dave Williams.
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NewsPoundland promises third-party deals in new general merchandise ranges
Poundland is looking to add new general merchandise ranges “much more regularly” as it continues its transformation.
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NewsPoundland to give 850 stores biggest ever merchandise makeover
Poundland is to start transforming its stores to include its “biggest makeover in general merchandise” in the company’s history.
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NewsPepco delivers record revenues as it warns on Red Sea disruption
Pepco Group, which owns Poundland in the UK and the Pepco and Dealz brands in Europe, has posted record first-quarter group revenues.