Welcome to 97p Land

15 May 2013

Poundland, whose slogan - if you can call it a slogan – is ‘Everything’s £1’ has started to slash prices in some of its stores to 97p, in a bid to undercut its closest rivals, 99p Stores. Depressed yet?

It seems the battle of the not-quite-a-pound shops has been heating up in such UK hotspots as East Ham and Dudley, and competition to sell mop heads, pegs and One Cup teabags for less than a pound is getting fierce.

Jim McCarthy, chief executive of Poundland, explained the move to Retail Week.

‘It is those early weeks [when a rival opens] that are very important and if you can pop the balloon early we find that doing that rather than nothing at all is helpful,’ Mr McCarthy said.

(Balloons – 97p).

‘And it sends the message that we’re not a soft touch.’ He added.

(Soft Touch toilet paper – 97p).

‘It’s a bit like when a supermarket has a competitor opening nearby. They have hosts of tactics to dampen the impact.’

(5 pack of Tictacs – 97p)

It makes the mind boggle. What must the rubbish they sell actually be worth? 10p? 5p? 1p? If pound shop price wars continue, one day, everything will cost nothing, and we’ll just all stick our heads in a massive branded trough with FREE written on it, and consume knock off Mini Cheddars until we explode.

TOPICS:   High Street News   Supermarket   Economy


  • Shop d.
    I have a Poundland, SAM99p, 99p Store and an independent £1 shop within 10 mins walk! CRAZY! They are handy from time-time
  • oliverreed
    My town had a 90p store. Poundland/99p store you don't expect much, tools that only last one job or toys that'll survive a week but with the 90p you'd be lucky to get the item(s) home before they broke. But the day they sell out of date pasties to chav twats for childrens' breakfasts woe betide them.

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