99p Stores Ltd is a family run business founded in January 2001 by Entrepreneur Nadir Lalani, opening his first store in Holloway, London, with a further three the same year. In 2002, Lalani decided to expand the business throughout the UK and has rapidly developed 99p Stores, operating a total of 90 stores as of July 2009 and serving around 600,000 customers each week, undercutting their main rival Poundland by a penny.

PropertyValue
dbpedia-owl:Company/industry
dbpedia-owl:Company/operatingIncome
  • 3200000
dbpedia-owl:Company/product
dbpedia-owl:Organisation/foundationDate
  • 2001-01-01 00:00:00 (xsd:date)
dbpedia-owl:Organisation/keyPersonPosition
  • Nadir Lalani (Founder)
dbpedia-owl:Organisation/location
dbpedia-owl:Organisation/numberOfEmployees
  • 1800 (xsd:integer)
dbpedia-owl:Organisation/revenue
  • 113000000
dbpedia-owl:Organisation/type
dbpedia-owl:foundationDate
  • 2001-01-01 00:00:00 (xsd:date)
dbpedia-owl:industry
dbpedia-owl:keyPersonPosition
  • Nadir Lalani (Founder)
dbpedia-owl:location
dbpedia-owl:numberOfEmployees
  • 1800 (xsd:integer)
dbpedia-owl:operatingIncome
  • 3200000
dbpedia-owl:product
dbpedia-owl:revenue
  • 113000000
dbpedia-owl:type
dbpprop:abstract
  • 99p Stores Ltd is a family run business founded in January 2001 by Entrepreneur Nadir Lalani, opening his first store in Holloway, London, with a further three the same year. In 2002, Lalani decided to expand the business throughout the UK and has rapidly developed 99p Stores, operating a total of 90 stores as of July 2009 and serving around 600,000 customers each week, undercutting their main rival Poundland by a penny. Most of their stores are based in the south of the UK, although there are stores as far north as Liverpool. The chain saw accelerated store expansion upon the collapse of Woolworths Group, where they took the opportunity to acquire 15 of these former stores and increasing their estate to 79 at that time. Landlords are now regarding 99p Stores as an anchor tenant due to the significant number of customers one of their stores can bring to a location. Although the retailer made a pre-tax loss of £1.14 million in the year to January 31, 2007, they claim that since then, consumers have become more cautious with their money and where they spend it, in response to the current economic conditions. Commercial director Hussein Lalani has noticed an increase of customers from the wealthier AB social grade (a system of demographic classification used in the United Kingdom) during the recession. Customers tend to speak positively about 99p Stores, with most reviewers noting customer and product overcrowding as their biggest criticisms, yet still rate the chain 4.5/5 on average. New store openings prove so popular that bosses have recently been requesting friendly police presence for crowd control purposes for desperate shoppers who queue from 5am in the morning to be the first to get hold of first customer bargains.
dbpprop:companyLogo
dbpprop:companyName
  • 99p Stores
dbpprop:companyType
dbpprop:foundation
  • January 2001
dbpprop:founder
  • Nadir Lalani
dbpprop:homepage
dbpprop:industry
dbpprop:intl
  • yes
dbpprop:keyPeople
  • Nadir Lalani (Founder)
dbpprop:location
dbpprop:locations
  • 107 (September 2009)
dbpprop:numEmployees
  • 1800 (xsd:integer)
dbpprop:operatingIncome
  • £3.2 million (YE 2008)
dbpprop:owner
  • Nadir Lalani (51%) Barclays Ventures (24%) Nadir Lalani Friends and Family (25%)
dbpprop:products
dbpprop:reference
dbpprop:relatedInstance
dbpprop:revenue
  • £113 million (YE 2008)
dbpprop:slogan
  • "Quality products under a pound"
dbpprop:wikiPageUsesTemplate
rdf:type
rdfs:comment
  • 99p Stores Ltd is a family run business founded in January 2001 by Entrepreneur Nadir Lalani, opening his first store in Holloway, London, with a further three the same year. In 2002, Lalani decided to expand the business throughout the UK and has rapidly developed 99p Stores, operating a total of 90 stores as of July 2009 and serving around 600,000 customers each week, undercutting their main rival Poundland by a penny.
rdfs:label
  • 99p Stores
skos:subject
foaf:homepage
foaf:name
  • 99p Stores
foaf:page
is dbpprop:redirect of