// Poundland will open or relocate 25 stores by the end of the year, as part of its expansion plans
// The planned summer openings will offer create 150 full and part-time jobs
Poundland has revealed it plans to open and relocate 25 stores across the country by the end of the year.
The first round of new shop openings will happen between August and September as part of the discounter’s latest expansion plans.
The move comes as the UK faces record inflation at 40-year highs as the cost of living crisis rages on, sending the prices of essentials soaring.
- Poundland owner Pepco sees revenues rise as shoppers flock to discounters
- Poundland ramps up £1 price point to help combat inflation
- Poundland to open more Local stores as it expands convenience offer
According to the business, ten new branches will be opened by the end of next month and 15 more before the year ends.
Poundland has yet to reveal all the locations of its new or relocated stores, but it has confirmed the shops that are on track to open in the next few weeks.
The discount retailer said it will primarily focus on high streets, retail parks, and neighbourhoods, with stores expected to employ hundreds of people.
Poundland is expected to announce further locations in the coming weeks and the planned summer openings will offer create 150 full and part-time jobs.
Today, the business also announced that it will cut the price of 1,000 items, across DIY, gardening, kitchenware, homeware and stationery.
Commercial director, Tim Bettley, said: “We’re acutely aware how important value-for-money is right now for our customers – and that’s why whether it’s across grocery, clothing or homewares, we’re doubling down on our promise of amazing value.”