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Poundland

Poundland
Company namePoundland
Company typePrivate limited company
SloganYes! Everything's £1
IndustryRetail
FoundedApril 1990
Founder(s)Dave Dodd and Stephen Smith
HeadquartersWillenhall, England, UK
No. of locations299 (September 2010)
Key peopleDavid Dodd (Co-Founder)
Colin Smith (Chairman)
James "Jim" McCarthy (Chief Executive)
ProductsGroceries, Consumer goods, DIY, electrical
Revenue(+)£396 million (2009)
Operating income(+)£16 million (2008)
Net income(+)£11.8 million (2009)
Owner(s)Warburg Pincus
Employees7000 (2010)

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Poundland is a British-based variety store chain which sells every item in its stores for £1. Established in April 1990 by Dave Dodd and Stephen Smith, Poundland stock a variety of around 3,000 home and kitchen-ware, gifts, healthcare and other products, across 16 categories many of which are brand name and clearance products. Like many of its rivals, Poundland operates a constantly rotating product line with products sold at the single price point of just £1. Although price-point retailing was invented in the United States during the 1870s, the chain claims to have introduced this concept to Europe and is the largest single-price discount retailer in Europe. The retailer claims that their Croydon store is the busiest single-priced discount outlet in the world, generating more than £9 million in revenue per year with 30,000 customers a week, which as of December 2008, was more than any of its yen and dollar counterparts in Japan and the USA respectively. The company estimates it serves 2.75 million customers in an average week.

Poundland have enjoyed strong sales growth and have maintained steady profit growth against increasing inflation. This, among other factors, has been aided by a strong customer base of predominantly female shoppers every week in the C1, C2, D and E categories (the working classes in a system of demographic classification used in the United Kingdom). The chain employs 7,000 staff and their company union is the Union of Shop, Distributive and Allied Workers (USDAW). Their closest rival in the market is 99p Stores, who undercut Poundland's prices by a penny.

It was announced in September 2008 that Poundland's owners, Advent International, are said to be cashing in on the resurgence in value retailers by preparing to put the chain up for sale. The report came as figures shown that value retailers are seeing a business boom in the current economic climate. These plans were confirmed in March 2010, when it was reported that Barclays Private Equity has expressed an interest in a potential take-over of Poundland for about £200 million. On Tuesday 4 May 2010, it was announced that Poundland had been sold to US private equity firm Warburg Pincus for £200 million.

Poundland Video

I recorded this when I was ill, which in hindsight may not have been a good idea as my hands were shaking like a good 'un. Ho hum.
10.35 min. | 4.89 user rating		 is.gd Many hats full of thanks to Davydd Grimm for the twit-o-music. Video washed out and the audio loses sync a few minutes in - time to go back to my old camcorder methinks!
7.77 min. | 4.90 user rating		 You'll like what they do, 'cause everything's a pound in Poundland!
9.40 min. | 4.93 user rating		 is.gd is Endurance Gaming, the last episode of Ashen's Tech Dump. Which is a show we made for the BBC that made me very happy.
11.52 min. | 4.95 user rating		 Catherine Tate Nan Poundland
4.27 min. | 4.72 user rating
£1 CHRISTMAS CRACKER BATTLE! Poundland vs Tesco. Whoever wins, we all lose.
9.18 min. | 4.96 user rating		 The music track is by Kevin Macleod, you can download it here: incompetech.com Could Woolworths have been saved? Read this article here www.newsandstar.co.uk (Thanks to markjuk for the link) I feel quite nostalgic about the closure of Woolworths! Thoughts go to all the staff now out of work. From Wikipedia: On 19 November 2008 The Times reported that the Woolworths' retail business was a target for restructuring specialist Hilco, who would buy the retail arm for a nominal £1; this was confirmed the same day. This deal would have left Woolworths Group with its profitable distribution and publishing businesses and a reduced debt load. The group's banks, GMAC and Burdale, rejected the deal and recalled their loans, forcing the group to place the retail business and Entertainment UK into administration. Neville Kahn, Dan Butters and Nick Dargan of Deloitte & Touche LLP were appointed joint administrators. When the company entered administration it had a debt of £385 million. The administrators announced that they were aiming to keep the company as a going concern over the crucial Christmas period, although analysts feared that any heavy discounting would create a domino effect and drag down other high street retailers. Deloitte later announced they had received "substantial interest" in Woolworths. When news about Woolworths being placed into administration became widely publicised, National Lottery operator Camelot Group immediately suspended Woolworths from selling their <b>...</b>
1.95 min. | 4.52 user rating		 i show you how to make a simple paste from some cheap pellets which i bought from poundland.
9.98 min. | 3.66 user rating		 Ignore my narration, I always get things wrong & end up saying a load of rubbish! This 2nd go with my video toy is to prove that trickle chargers can be used for quick charging or even runn low power applications. It will also rapid charge a Freeloader and cam corder batteries. Much better than many custom jobs for sale for much more; also one gets to mess about with crocidile clips & wires and junk from poundland.
0.78 min. | 4.33 user rating		 Hello! Once more, we delve into the Poundland transformable toys selection and uncover the mighty Super Dinosaur Witchcraft.
9.82 min. | 4.25 user rating

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Lawyer's 'shop' is next to Poundland - Financial Times Tweet this news
Financial Times--The brightly lit, glass-fronted store, with its striking pink and black signs, is located between -Poundland- and a hair salon. A large notice outside the premises in south-east London advises that no appointments are necessary. In spite - Date : Sun, 27 Mar 2011 19:43:49 GMT+00:00
School children and community groups to plant more than 500000 free trees for ... - Wirral News Tweet this news
Wirral News--Pop into -Poundland- and pick up a shrub or fruit bush for just a quid, ranging from roses and escallonias to blueberries and potentillas. l A plethora of garden ornaments are on offer, but among the prettiest are some stainless steel dragonf - Date : Wed, 30 Mar 2011 08:51:42 GMT+00:00
Corrie star to open new Windsor store Poundland - Maidenhead Advertiser Tweet this news
Maidenhead Advertiser--Coronation Street star Debbie Rush will be opening a new -Poundland- store in Windsor next Saturday. The actress, best known as character Anna Windass, will be signing autographs and having her picture taken with shoppers as part of - Date : Sat, 26 Mar 2011 12:33:30 GMT+00:00
Underwear thief starts spell behind bars - Worcester News Tweet this news
Worcester News--When police arrested him, they discovered a bag of toiletries and underwear, which he admitted stealing from -Poundland-. Hart said he went into the discount store with no money as he had not shaved or cleaned himself for a while and then - Date : Wed, 30 Mar 2011 20:21:05 GMT+00:00
Gardening on a Budget - expressandstar.com Tweet this news
expressandstar.com--Look for seed bargains on eBay and at discount stores such as -Poundland-, Lidl and Wilkinson. Cut costs further by going halves with fellow gardening friends, as you often won't need to sow the whole packet. Alternatively, swap y - Date : Tue, 29 Mar 2011 11:22:18 GMT+00:00
Ruby Tuesday - Lynn News (press release) Tweet this news
Lynn News (press release)--Perhaps some Saturday night revellers could learn a lesson from man's best friend. n ALSO spotted: A man on a bench outside -Poundland-, in Lynn's Vancouver Quarter, with his arm around an ironing board. Obviously he h - Date : Wed, 23 Mar 2011 04:21:28 GMT+00:00
Food packages shrink but prices stay the same - Mirror.co.uk Tweet this news
Mirror.co.uk--And keeping prices the same means products stay in discount stores such as -Poundland-. The 99p Cadbury Dairy Milk bar is shrinking by a chunk, from 140g to 120g while Tropicana juice is being being squeezed from 1.75 litres to 1.5 litres. . - Date : Mon, 21 Mar 2011 04:21:31 GMT+00:00
Shameless star opens Poundland in Antrim - Antrim Times Tweet this news
Antrim Times--LOCAL shoppers will be quids in as -Poundland-, Europe's biggest single price discount retailer, announces that its new store will open on Friday, March 18 in the Castle Mall, Antrim. To kick off the celebrations, there will be a family - Date : Wed, 16 Mar 2011 11:25:37 GMT+00:00
Volunteering opportunities - try Poundland - The Guardian (blog) Tweet this news
The Guardian (blog)--According to Third Sector, job seekers have been told to volunteer at -Poundland- or risk losing their benefit payments. Photograph: Andrew Fox/Andrew Fox • Reforms of the NHS in England are putting the healthcare of children at ris - Date : Wed, 09 Mar 2011 12:12:12 GMT+00:00
Poundland denies using volunteers in its shops - Third Sector Tweet this news
Third Sector---Poundland- has denied that it uses volunteers to stack shelves in its shops, but confirmed that it does take people on unpaid mandatory work experience placements who would otherwise lose their benefits. ... - Date : Fri, 11 Mar 2011 08:50:41 GMT+00:00

Store expansion :
Week ending Turnover (£m) Gross profit (£m) Operating profit (£m) Pre-Tax profit (£m) Retained profit (£m)
28 March 2010 510 19.8
29 March 2009 396 20 8.6 11.8
30 March 2008 330 15.7 4.2 8
1 April 2007 310.7 112.9 11.7 5.6 3.5
2 April 2006 281.2 100.4 5.4 4.2 0.15
3 April 2005 239.9 89.4 14.8 10.7
28 March 2004 195.5 71.6 13.9 10.9 7.1
30 March 2003 192.9 67.2 9.5 4.9 8.8

Price-point retailers

AsiaJapan: Daiso
AustralasiaAustralia: Crazy Clark's
EuropeUnited Kingdom: Poundland, 99p Stores
North AmericaUnited States: Dollar General, Dollar Tree, DEAL$, 99 Cents Only Stores * Canada: A Buck or Two, Dollarama, Dollar Giant, Your Dollar Store With More

Supermarkets in the United Kingdom

Big fiveTesco * Asda * Sainsbury's * Morrisons * The Co-operative Food (and Somerfield)
Up-market chainsMarks & Spencer * Waitrose
Discount chainsLidl * Aldi * Netto * B & M * Home Bargains * Quality Save
Frozen foodsFarmfoods * Iceland * Jack Fulton
RegionalAsco * Booths * Dunnes Stores * Filco * Haldanes * Shoprite
OnlineOcado
OtherHappy Shopper * Best-One * Budgens * Costcutter * Jones Convienience Store * Londis * Mace * McColl's * Nisa-Today's * Premier Stores * SPAR * ...instore (and Poundstretcher) * Poundland
See alsoList of supermarket chains in the United Kingdom



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