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01/10/2013
Poundland Profit Increase Fuels Expansion Plan
Poundland could open over 1,000 stores in the UK as it has seen a steady rise in profits.
The firm's profits increased 15% in the year to March.
The discount chain, which currently has 458 stores across the UK, recorded total sales of £880m for the year to March, with the store now considering expansion.
Poundland owner Jim McCarthy said that the discount store is now part of the mainstream UK retail sector, adding that: "Over time I'm confident that we will have over 1,000 Poundland stores in the UK."
(MH/JP)
The firm's profits increased 15% in the year to March.
The discount chain, which currently has 458 stores across the UK, recorded total sales of £880m for the year to March, with the store now considering expansion.
Poundland owner Jim McCarthy said that the discount store is now part of the mainstream UK retail sector, adding that: "Over time I'm confident that we will have over 1,000 Poundland stores in the UK."
(MH/JP)
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Sluggish retail sales growth peaks in June
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
