Our History

A simple conceptPoundland Sunderland (9 of 1)

Poundland’s retailing concept is extremely simple: a range of more than 3000 items, each offered for sale at only £1 each – representing AMAZING VALUE for money.

Our pilot store opened in the Octagon Centre, Burton-upon-Trent in December of 1990, followed by new stores in High Street, Meadowhall and other quality trading locations.  Shoppers loved the concept, and so did fellow retailers and landlords.  The stores proved to be a huge success. Meadowhall’s success was repeated by further stores opening by the end of the year.

Milestones

1990
Poundland opens the first store in Burton-upon-Trent which is still open today

1996
Our Hong Kong office opens to provide direct support with sourcing

2002
Poundland is sold to Advent International; Colin Smith joins as Chairman

2003
Our 100th store opens in Shirley, West Midlands

2005
Springvale, our second distribution centre, is opened to provide 500,000 sq ft combined capacity

2006
150th store opens; Jim McCarthy joins Poundland as CEO

2008
Our 200th store is opened in Doncaster, South Yorkshire

2010
Warburg Pincus acquires the majority shareholding, as we reach 283 Poundland stores

2011
The first Dealz store opens in the Republic of Ireland
Poundland wins Discount Retailer Of The Year at the Retail Industry Awards

2012
We open our new 200,000 sq ft distribution centre at Hoddesdon; and our 400th store in Haringey
Andrew Higginson joins as Chairman and Colin Smith becomes Non-Executive Director

2013
The 25th Dealz store opens in Ireland, and the 450th Poundland store opens in the UK
Poundland wins Discounter Of The Year at The Grocer Gold Awards

2014
Poundland floats on the London Stock Exchange

Halloween Loot Bags and Sweets
Jane Asher's Kitchen
Purple Ivy Jewellery at Poundland