Poundland is a British-based variety store chain which sells every item in its stores for £1. Established in April 1990 by Dave Dodd and Stephen Smith, Poundland stock a variety of around 3000 different products, such as home and kitchen-ware, gifts and healthcare products, many of which are brand name and clearance products.
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- 1990-04-01 00:00:00 (xsd:date)
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- Colin Smith (Chairman)
- David Dodd (Co-Founder)
- James "Jim" McCarthy (Chief Executive)
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- 1990-04-01 00:00:00 (xsd:date)
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- Colin Smith (Chairman)
- David Dodd (Co-Founder)
- James "Jim" McCarthy (Chief Executive)
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- Poundland is a British-based variety store chain which sells every item in its stores for £1. Established in April 1990 by Dave Dodd and Stephen Smith, Poundland stock a variety of around 3000 different products, such as home and kitchen-ware, gifts and healthcare products, many of which are brand name and clearance products. Like many of its rivals, Poundland operates a constantly rotating product line of cheaply-bought bulk products, some of which have been known to get recalled by the retailer due to failing health and safety regulations. Although price-point retailing was invented in the United States during the 1870s, the chain claims to have introduced this concept to Europe and is the largest single-price retailer in Europe. The retailer claims that their Croydon store is the busiest single-priced outlet in the world, generating more than £9 million in revenue per year with 30,000 customers a week, which as of December 2008, was more than any of its yen and dollar counterparts in Japan and the USA respectively. Poundland have enjoyed strong sales growth and have maintained steady profit growth against increasing inflation. This, amongst other factors, has been aided by a strong customer base of predominantly female shoppers every week in the C1, C2, D and E categories (a system of demographic classification used in the United Kingdom). The chain employs 6,500 staff and their company union is the Union of Shop, Distributive and Allied Workers (USDAW). Their closest rival in the market is 99p Stores, who undercut Poundland's prices by a penny. It was announced in September 2008 that Poundland's owners, Advent International, are said to be cashing in on the resurgence in value retailers by putting the chain up for sale. The report comes as figures show that value retailers are seeing business boom in the current economic climate.
- Poundland ist eine britische Ladenkette, die sämtliche Waren für je ein Pfund Sterling verkauft. Der erste Laden wurde im Dezember 1990 in Burton-upon-Trent eröffnet, vier weitere folgten noch im selben Jahr.
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- Dave Dodd and Stephen Smith
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- Poundland is a British-based variety store chain which sells every item in its stores for £1. Established in April 1990 by Dave Dodd and Stephen Smith, Poundland stock a variety of around 3000 different products, such as home and kitchen-ware, gifts and healthcare products, many of which are brand name and clearance products.
- Poundland ist eine britische Ladenkette, die sämtliche Waren für je ein Pfund Sterling verkauft. Der erste Laden wurde im Dezember 1990 in Burton-upon-Trent eröffnet, vier weitere folgten noch im selben Jahr.
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