// Poundland is on the hunt for more locations in the M25 for its new store format
// The move follows successful openings of its ‘Local’ stores over the last six months in East Dulwich, Clapham, Swiss Cottage and Whitechapel
Poundland is continuing to seek out locations in the M25 for its new store format.
The move follows successful openings of the value retailer‘s local stores during the last six months in East Dulwich, Clapham, Swiss Cottage and Whitechapel.
Its recent new format store openings in London are designed to offer value to local residents and commuters who work in the area.
The news coincides with an extension to its Bow store at 580-586 Roman Road that sees a full internal renovation as it converts a 2500 sq ft warehouse area into selling space, increasing the total shop floor size by a third.
The improvements also create four new jobs with the store opening on Saturday 20 May.
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Bow will join the growing number of stores to offer chilled and frozen food. It will be one of around 300 stores across the country getting fresh fruit and vegetables, as well as a selection of beers, wines and spirits.
Poundland director of property Ben Wall said: “When it comes to requests for a new store London is always one of the most popular areas that customers would like one. We know that from recent store openings that Londoners love amazing Poundland value just like the rest of the country.
“And while the newer store openings have followed our essential format, we are open to looking at store opportunities of different sizes on high streets, shopping centres and retail parks.”
Poundland has just unveiled its largest store in Yorkshire spanning 18,500sq ft – over three times the size of a typical Poundland store. The retailer has created 10 new jobs this way, with 29 colleagues transferring from its smaller closing store on the same retail park.
Earlier in April, Poundland owner Pepco posted a 22.8% rise in first-half revenue, driven by strong demand for its value offers from cash-strapped shoppers and the opening of 166 new stores.