Poundland thriving as Brits get thrifty
The budget retailer has announced a rise of annual operating profits by 81% to £21.5m, on turnover up 28.7% to £509.8m. In these austere times, them’s some pretty mighty numbers and it’s almost certainly the impending age of austerity that’s got the punters flocking through the Poundland doors.
They’ve also announced the opening of another 50 stores in addition to the 263 they’ve already got, a move that could create as many as 2,000 jobs. Many of the 56 stores they have opened in the past year have been in former Woolworths sites.
Are you a Poundland shopper? And if not, to be perfectly frank, why not?