Poundland announces plans to open 25 new stores in 2022

Poundland has unveiled its expansion plans to open 25 stores across the UK by the end of 2022.

The discount retailer looks to open 10 of these stores between August and September, with the other 15 by December of this year.

On track to open in the next month, Poundland has confirmed seven of its new locations including Sutton Coldfield, Canterbury Marshwood Close Retail Park, Sheffield Meadowhall Retil Park, Iverness Telford Street Retail Park and Broadstairs.

Store relocations will also feature in Milton Keynes Westcroft Retail Park and Aberdeen Trinity Shopping Centre.

The stores, which will mostly be placed within high streets, retail parks and neighbourhoods will result in 150 full and part-time jobs.

READ MORE: Poundland owner reports 17% rise in revenues as cost-of-living woes increase

Further locations are set to be announced in coming weeks, expected to create more jobs as stores open in the autumn and winter.

The news comes as inflation has caused the cost of general household items to soar. According to The Office for National Statistics, in June Consumer Price Index (CPI) inflation rose to 9.4% and figures by the British Retail Consortium (BRC) revealed that food inflation rose by 7% in July.

To combat price rises, Poundland announced today, 3 August that it will cut the price of 1,000 items across DIY, gardening, kitchenware, homeware and stationary.

“We’re acutely aware how important value-for-money is right now for our customers – and that’s why whether it’s across grocery, clothing or homewares, we’re doubling down on our promise of amazing value,” Poundland commercial director, Tim Bettley said.

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