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08-19-2010 04:17 PM #1
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Poundland to create thousands of jobs
Discount high street store Poundland plans to create up to 2,000 new jobs. The chain has see a rise in sales of up to 13% since the demise of former High street rival Woolworths.
The chain of 263 stores which sell everything for £1 said tough economic times meant more shoppers were flocking through its doors.
Poundland on Wednesday posted annual operating profits up 81% to £21.5m, on turnover up 28.7% to £509.8m.
Jim McCarthy, chief executive, called the results "impressive" and promised further profits growth and expansion.
He said: "With the economic uncertainty continuing, we are seeing many more first time shoppers joining our... customer base and with this trend set to continue, I remain confident of our prospects for the current financial year."


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