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Poundland like-for-like sales up 5.9%

Poundland saw total sales rise by 24.9% year-on-year in the five weeks to 1 January 2012. On a like-for-like basis sales were up 5.9%.

CITY & CORPORATE

Poundland like-for-like sales up 5.9%

Poundland saw total sales rise by 24.9% year-on-year in the five weeks to 1 January 2012. On a like-for-like basis sales were up 5.9%.

The single price retailer said it served a record 5.5 million customers in the peak Christmas week and sold 24.5 million Christmas cards, 10,000 miles of wrapping paper and 6,000 miles of foil. 

Chief Executive Jim McCarthy commented: “There’s no doubt that this Christmas has once again been tough for consumers.  In the current economic climate, our like for like sales growth of just under 6% is very encouraging and demonstrates that Poundland has great appeal to millions of customers who want or need to save their money.”

Poundland also confirmed that it has offered over 500 permanent jobs to people recruited into temporary roles over the festive period.

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