Mon, 12th January 2009

Poundland Christmas sales up 3.9 percent

Poundland's Christmas trading results for the five weeks ending 4 January 2009, saw an increase in like for like sales of 3.9 per cent

Total sales (including new stores) for the period were up 24.3 per cent year on year. Chief Executive Jim McCarthy commented: "It is clear that Poundland has been one of few retailers reporting growth during the 2008 Christmas trading period. We are well positioned to capitalise on the continuing strong customer trend to shop savvy and seek value for money. Well over 2 million customers every week have enjoyed the benefits of saving money on top brands at Poundland, where everything is a pound.

In 2009 Poundland, an increasingly important part of the UK's weekly shop, will continue providing amazing value every day. We also plan to increase the store base significantly, opening a further 30 stores to help even more customers through the tough times ahead and create over 1,000 new jobs".