UK discount operator Poundland told just-food today (8 February) that it plans to open some 50 new stores in the 2011/12 financial year.

“With the economic uncertainty continuing, we are seeing many more first time shoppers joining our existing loyal customer base and with this trend set to continue, I remain confident of our prospects for the current financial year,” said Poundland CEO Jim McCarthy.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company would not confirm where the new stores will be located.

Poundland was acquired by private-equity firm Warburg Pincus last year.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now