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Poundland to seek new London locations following Bow store refurb

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On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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Discount store chain Poundland has announced it is continuing to seek out 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. 

The announcement coincides with an extension to Poundland’s Bow store at 580-586 Roman Road that sees a full internal renovation and converts a large warehouse area to selling space to increase the total shop floor size by a third. The improvements will create four new jobs when the shop opens on 20th of May 2023.

Poundland’s recent new format store openings in London are designed to offer value to local residents and commuters who work in the area helping them to save money on a carefully curated range of products, whether they are buying lunch, doing a planned top-up shop or making an urgent last-minute buy. 

All stores carry Poundland’s core range including groceries, snacks, household products, health and beauty and batteries. Customers will also find items they would expect in a convenience store including fresh fruit and vegetables, chilled and frozen food, bread and morning goods, hot pies and pastries, nappies and formula milk, 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 director of retail, Darren Kay, said: “We love being in Bow, in fact we’ve been here for over ten years and we know how much locals love their Poundland. That’s why we wanted to open an even bigger and better store.”

“With the extension we have squeezed in even more amazing value under one roof across more categories than ever before. We really can’t wait to open the doors at Bow on 20 May and show off a new and improved shopping experience and wider ranges.”

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