Poundland Profit Increase Fuels Expansion Plan

Poundland could open over 1,000 stores in the UK as it has seen a steady rise in profits.

The firm's profits increased 15% in the year to March.

The discount chain, which currently has 458 stores across the UK, recorded total sales of £880m for the year to March, with the store now considering expansion.

Poundland owner Jim McCarthy said that the discount store is now part of the mainstream UK retail sector, adding that: "Over time I'm confident that we will have over 1,000 Poundland stores in the UK."


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