Belfast Telegraph

Jobs boost as discount retailer Poundland expands

By Heena Tailor

Discount retailer Poundland said today it planned to create more than 2,000 new jobs by opening at least 50 new stores.

New stores have opened in Northern Ireland, and today two more will open, one in Dungannon and another in England.

The firm - which sells everything for £1 and has around three million customers a week - said its "impressive growth" would help it create jobs in a fragile UK recovery.

Operating profits rose 81% to £21.5m in the year to March 28, it added. The firm opened 56 stores during the period.

Poundland, which is based in Willenhall, West Midlands, currently employs over 7,500 staff and has 263 stores nationwide.

Chief executive Jim McCarthy said: "Market research shows the UK will take 800 Poundland stores, so we have several more years of growing.

"We get an immediate response when we open a new store and by taking a lower margin than most retailers we build on value rather than profit. The standard of the displays in store and the service is much better than people anticipate," he added.

Poundland's top sellers include Kodak batteries, Maltesers and Johnson & Johnson cotton buds.