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.
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The company would not confirm where the new stores will be located.
Poundland was acquired by private-equity firm Warburg Pincus last year.
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