The stores will operate under the discount retailer’s European Dealz brand. Poundland’s CEO Jim McCarthy has said he will open more Spanish stores if the initial roll-out is a success, adding that he is confident the business model suits the Spanish market well.
Poundland, which is expected to launch an IPO in the coming months, achieved record sales of £880m for the 52 weeks ending on the 31st March 2013. The retailer plans to more than double its estate to 1,000 stores over the next five years.
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