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Poundland

Poundland is a British variety store chain founded in 1990 by Dave Dodd and Steven Smith. The brand was acquired by Steinhoff International for £610 million in August 2016. Steinhoff is the owner of Pepco Group of which Poundland is a part.

Poundland latest news

Poundland is a British variety store chain founded in 1990 by Dave Dodd and Steven Smith. The brand was acquired by Steinhoff International for £610 million in August 2016. Steinhoff is the owner of Pepco Group of which Poundland is a part.

The retailer estimates that it serves seven million customers every week. The simple nature of its stores and cheap prices appeal to customers, with the vast majority of items costing just £1. It stocks many well-known branded products at discounted prices through food and drink right across to health and beauty. In addition, it stocks books, DVDs, toys, and much more.

In 2017, Poundland began to roll out Pep&Co ‘shop-in-shops’ offering customers a full range of women’s, men’s and kid’s fashion. Pep&Co is now available in over 300 of stores. Prices at PEP&CO start at £1.

Pepco Group has expanded Poundland sister brand Dealz into Europe which offers a very similar concept to Poundland. In the coming months, Poundland expects to have a ‘rapid rollout’ of chilled and frozen food in most UK stores following its recent acquisition of Fulton’s Food.

Poundland Products and Services

  • Food and Drink
  • Health and Beauty
  • Home and Pet CAre
  • Entertainment and DIY
  • Stationery and Crafts
  • Mobile Services
  • Pep&Co Clothing and Homeware

Ownership

Pepco Group and Poundland owner Steinhoff is an international retail holding company that is dual listed in Germany and South Africa. The company mainly deals in furniture and household goods and has grown to a very considerable size in the past 50 years and now employs over 130,000 people.

Stores

There are around 900 Poundland stores across the UK and a further 60 in Ireland.

All products and services sold at Poundland can be viewed on the company's website for delivery within three to four working days. This online delivery process is still in its early stages, so at this time it is only available to a limited number of UK postcodes.

Employees

Poundland has around 18,000 employees. They are mostly working in stores, but some work in the Wednesbury head office and across warehouses.

Head office

The Poundland head office is located in Wednesbury, West Midlands.

Wellman’s Road, Willenhall, Wednesbury, WV13 2QT

 

Financials

Year to 27 September 2020
Revenue: £1.4766bn
Pre-Tax Loss: £15.77m

Year to 29 September 2019
Revenue: £1.5432bn
Pre-Tax Profit: £14.3m

Contact information

Poundland can be contacted via phone or email via its Wednesbury head office.

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