POUNDLAND owner
In its interim results, the value shop, which sells everything from groceries to clothes, posted a 22.8 per cent jump in revenues of €2.83bn (£2.44bn) up from €2.37bn (£2.04bn) in the six months to March.
As food inflation reached its second-highest levels on record during the quarter, Poundland reported an increased demand in its value chilled and frozen ranges, as shoppers looked to stock up and cut back on waste.
The brand, which has 756 stores across the
The 50 new stores across the
"As we highlighted previously, inflation remains at elevated levels in central
"Despite this, we have continued to do the right thing for customers on a budget by maintaining our price leadership and growing our market share."
(c) 2023 City A.M., source