Poundland opens first Spanish store

The first of a planned ten Spanish stores was opened under the Dealz fascia in July, underlining the expansionist aims of Poundland as a quoted company.

While like-for-like growth had come under pressure in a highliy competitive discount market in 2012/13, growth was restored at this level in 2013/14, with like-for-like sales up  1.9% and momentum accelerating over the first quarter of 2014/15. Overall 2013/14 sales advanced by 13.3% to just short of the £1bn mark.

Source : Retail Week

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