Poundland has announced the launch of 50 new and relocated high-street shops in the next nine months, leaving shoppers overjoyed.
The discount chain revealed 2023 would be its biggest year for growth since it opened 32 years ago, with the expansion set to create between 750 and 800 jobs nationwide.
Not only will there be dozens of new shops created, but older, smaller stores will also be moved to new, bigger locations as the leases in their current premises come to an end.
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The new shops are set to sell a bigger range of items, some of which aren't available in current stores, ranging from clothing and homeware to chilled and frozen food, with the retail giant hoping to challenge major UK supermarkets.
Poundland managing director Barry Williams said: "We know how customers appreciate the effort we’ve made in the last few years to transform our offer, offering them more of what they want to buy, week-in, week-out.
"That transformation means we have to step up our search for the best locations to bring the best of Poundland to customers across the UK and that’s precisely what we’ll do in 2023.
"We will continue to work hard to find the right locations that suit the range of Poundland formats we now offer – from small neighbourhood convenience stores to our large destination stores."
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The retailer currently boasts about 850 stores nationwide, set to increase to around 900 by the autumn of this year.
So far there are eight confirmed openings planned for the period between January and March, and a further six are in the final stages of lease negotiations.
Another 26 are planned for the period between April and June and it is hoped 13 more will be announced in the second half of the year once lease agreements have been secured.
One of the new storefronts will also be Poundland's biggest to date, a whopping 18,380 square feet taking pride of place on Crown Street in Glasgow, Scotland.
The news will be welcomed by high street shoppers who have felt the pinch since living costs skyrocketed last year.
Last summer, the chain announced it would be "resetting" its prices and increasing the number of items retailing at £1 or less from about half to 60%, in a bid to ease the squeeze on shopper's wallets.
Managing director Williams said at the time: "It’s clear customers are shopping more intentionally and that’s why we’re leaning into our £1 price point.
"While we don’t have a magic trick up our sleeves to counter inflation, we know that those who work hardest to keep costs low will end up winning customers’ trust.
"The promise we make to customers that we can deliver amazing value, has never been more important. We’re determined to not let them down. That’s why we’re offering more of what they want, at a price that recognises they need their money to work as hard as it can."
Check out the full list of confirmed new and relocated stores below.
- The Spires Shopping Centre, Barnet, London
High Walk, Wellington Centre, Aldershot, Hants
Timberley Lane, Castle Bromwich, Birmingham
Crown Street Retail Park, Glasgow
Lordship Lane, East Dulwich, London (Poundland Local)
Friars Walk Shopping Centre, Newport, South Wales
Glamorgan Vale Retail Park, Llantrisant, South Wales
Parkgate Shopping Park Rotherham, South Yorkshire
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