THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Poundstretcher names Derek Lawlor as new CEO

Poundstretcher has appointed Derek Lawlor as its new chief executive. Lawlor previously worked with Asda for seven years, most recently as chief merchandising officer. Prior to… View Article

GENERAL MERCHANDISE

Poundstretcher names Derek Lawlor as new CEO

Poundstretcher has appointed Derek Lawlor as its new chief executive.

Lawlor previously worked with Asda for seven years, most recently as chief merchandising officer. Prior to that, he was category director at Tesco.

The move means that Poundstretcher owner and previous chief executive Aziz Tayub has now moved to the role of chairman.

Lawlor told Business Live that he would like to make the Poundstretcher business the best it can be for both customers and staff, with a steady supply of branded goods so customers know what to expect when they enter a store.

He explained: “It’s a wonderful business and there are a lot of growth opportunities – particularly in a world with a cost of living crisis – and I think we can do a good job to really make people’s pounds go a bit further.

“The price of everything is going up and everybody is going to have less money to go around – so the opportunity to work with the Poundstretcher team is really exciting to me.

“The attractive thing for me about Poundstretcher is that it’s a great brand with the ability to grow within the most competitive food market in the world.”

After going through a CVA, Poundstretcher is now looking ahead to future growth. It currently has 12 new stores in the pipeline and has the capacity to open 50 shops a year without resorting to outside funding.

Photo credit: Poundstretcher Dingwall store

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News