Poundland reveals plans for 25 store openings
Walsall-based Poundland has confirmed it is to open 10 new and relocated stores before the end of September with up to another 15 in the pipeline by the end of the year.
The latest move comes after Poundland reset stores to lean into its iconic £1 price point and after inflation hit a record 9.4 per cent last month.
Poundland’s store plans include high streets, retail parks and the latest in the pilot of the new Poundland Local neighbourhood stores.
Those stores on track to open between August and September include Sutton Coldfield (Poundland Local); Canterbury, Marshwood Close Retail Park; Sheffield, Meadowhall Retail Park; Milton Keynes, Westcroft Retail Park (relocation); Aberdeen, Trinity Shopping Centre (relocation); Inverness, Telford Street Retail Park; and Broadstairs High Street.
Details of locations and timings of further stores will be announced in the coming weeks. The planned summer openings range from 1,800 to 12,000 sq ft and will jointly employ around 150 full and part-time staff.
Up to 15 additional new stores and relocations are in the pipeline between October and December employing more than 250 staff.
Commercial director Tim Bettley said: “We’re acutely aware how important value-for-money is right now for our customers – and that’s why whether it’s across grocery, clothing or homewares, we’re doubling down on our promise of amazing value.”
Chief operating officer Austin Cooke added: “The pressure on customers from inflation is real. While we’re serving more shoppers, that’s partly offset by customers being more intentional about what they’re putting in the baskets. That’s why we’re determined to bring more value to more places, in store and through our new online business.”