Poundland looks to open 50 new stores
Discount retailer Poundland has said it plans to open 50 new stores in the next nine months, sayong the project would create 750 jobs.
The news shows a continuation of the retailer’s accelerated roll-out programme, which saw Poundland open eight stores in one day in December.
The store expansions would allow the retailer to trade more frozen food in its stores, allowing Poundland to compete with the likes of Iceland and other supermarkets.
The retailer said the openings and relocations would see Poundland to a wide range of UK high streets, shopping centres and retail parks. The plans outline ambitions to open Poundland’s largest store yet in London.
Poundland also revealed plans to relocate from its smaller stores when leases expire, as it looks to continue upsizing.
There are eight openings already confirmed for January to March, with at least another six in leasing negotiations.
Poundland managing director Barry Williams said “We know how customers appreciate the effort we’ve made in the last few years to transform our offer, offering them more of what they want to buy, week-in, week-out.
“That transformation means we have to step up our search for the best locations to bring the best of Poundland to customers across the UK and that’s precisely what we’ll do in 2023.
“We will continue to work hard to find the right locations that suit the range of Poundland formats we now offer – from small neighbourhood convenience stores to our large destination stores.”