UK: Poundland mulls private-label offering
Poundland said the group is now looking at offering an own-label range of foods
UK discount retailer Poundland has said it is considering launching a range of private-label food.
However, Richard Lancaster, Poundland's trading director, said the group is now looking at offering an own-label range
"We know our customers love the amazing value we offer on own brand products. We are currently assessing whether customer demand is there for a venture into private label food. No decisions have yet been made however it is an area of the business we will be reviewing in the coming months," he said.
In July, Poundland appointed former Tesco finance director Andrew Higginson as its chairman.
CEO Jim McCarthy said at the time Higginson's "strategic skills and retail experience" will be "invaluable" to Poundland as it continues to grow its business in the UK and Ireland, and "evaluate a number of other growth opportunities".
Cereal manufacturers in the UK are facing a competitive market and flat sales volumes. While overall conditions have been somewhat sluggish, the breakfast category when taken as a whole has seen some ...
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