UK discount operator Poundland told just-food today (8 February) that it plans to open some 50 new stores in the 2011/12 financial year.
“With the economic uncertainty continuing, we are seeing many more first time shoppers joining our existing loyal customer base and with this trend set to continue, I remain confident of our prospects for the current financial year,” said Poundland CEO Jim McCarthy.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company would not confirm where the new stores will be located.
Poundland was acquired by private-equity firm Warburg Pincus last year.
