Dealz Parent Poundland Reports Record Christmas Sales
Published on Jan 24 2014 8:05 AM in Retail
Poundland, parent company of Irish single price retailer Dealz, has reported record Christmas sales (total gross sales in the 13 weeks to 31 December 2013) of £348.8 million (€424.3 million) and strong growth in quarter 3 as a result of new store openings and good like for like sales growth.
Poundland/Dealz served more than 71 million customers in the third quarter, with sales highlights including 1.2 million advent calendars, 750,000 Christmas gifts for pets and 300,000 novelty Christmas jewellery items.
Jim McCarthy, Poundland and Dealz CEO commented: “I’m very pleased to report another strong quarter of sales growth together with a record Christmas, as we served more customers in more parts of the United Kingdom and the Republic of Ireland than ever before.
“There are structural changes underway in consumer shopping behaviour and I’m very pleased that Poundland and Dealz continue to play a leading role in the growth of the discount sector.”
McCarthy noted that he was confident that Poundland/Dealz could soon hit 1,000 stores across Ireland and the UK.
© 2013 - Checkout Magazine by Karis Copp