Poundworld leads the charge as single-price discounters lift off

  • Print
  • Share
  • Comments (1)
  • Save

Single-price discounters are expanding at a rate of 25% a year as they continue to snap up high street stores, according to a report by Him!

Poundworld may be the smallest of the ‘big three’, but it is growing the fastest, the report found. Its growth rate of 43% year-on-year is more than twice that of market leader Poundland’s 19%. 99p Stores is growing at 16% year on year.

Poundworld has more than 180 stores in the UK and plans to open 40 every year until 2017. It also has similar growth targets for its multi-priced fascia DiscountUK and its Poundworld Express stores.

Despite this growth, Poundworld is still dwarfed in terms of size and sales by Poundland, which recently reported value growth of 19.3% and like-for-like sales up 2.3% for the year ending 31 March. Poundland has over twice as many UK stores as its rival - more than 400 - and plans to hit 1,000 by 2020.

“Single price discounters are acquiring high street sites at an aggressive rate,” said a spokesman for Him! “They are enticing more shoppers into store and encouraging impulse purchases by merchandising in a varied, multi-functional fashion.”

Readers' comments (1)

  • please can you tell me your current share price.

    Many thanks steve.

    Unsuitable or offensive? Report this comment

Have your say

Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • Poundworld leads the charge as single-price discounters lift off
  • Print
  • Share
  • Comments (1)
  • Save

Grocer jobs Experts in FMCG

Search jobs
Sign in

Newsletter sign-up

I wish to receive the following newsletters:

Subscriber only alerts:

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers