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Poundland to open half a million square feet of retail space in 2023

Poundland is planning to open and relocate at least 50 new stores by the end of September to mark the biggest transformation of its store estate… View Article

GENERAL MERCHANDISE NEWS

Poundland to open half a million square feet of retail space in 2023

Poundland is planning to open and relocate at least 50 new stores by the end of September to mark the biggest transformation of its store estate in its 32-year history.

The move will add around half a million square feet in retail space and create around 750 to 800 net new retail jobs. This will include the opening of an 18,380 square foot shop at Glasgow’s Crown Street in March, which will be the retailer’s biggest UK store.

Poundland will also be taking the opportunity to relocate from smaller and outdated locations as leases expire.  In February and March it will relocate stores in Newport, Llantrisant and Rotherham.

Other openings planned for March 2023 include full size Poundlands in Aldershot and Castle Bromwich and a new Poundland Local convenience store in East Dulwich.

Poundland managing director Barry Williams said “We know how customers appreciate the effort we’ve made in the last few years to transform our offer, offering them more of what they want to buy, week-in, week-out.

“That transformation means we have to step up our search for the best locations to bring the best of Poundland to customers across the UK and that’s precisely what we’ll do in 2023.

“We will continue to work hard to find the right locations that suit the range of Poundland formats we now offer – from small neighbourhood convenience stores to our large destination stores.”

Poundland has been transforming its ranges over the last three years by adding new categories such as clothing, homewares, and chilled and frozen food as it looks to offer customers an alternative to big supermarkets.

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