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    Poundland - Wikipedia

    Poundland is a British variety store chain founded in 1990. It once sold most items at the single price of £1, including clearance items and proprietary brands. The first pilot store opened in December 1990 following numerous rejections by landlords who had reservations about allowing a single-price store to operate, … See more

    1990–1999: Formation and early history
    Poundland was co-founded by Dave Dodd and father and son team Keith and Steven Smith in April 1990 with a starting capital of just £50,000 and … See more

    Criticism and litigation image

    Competition
    Since the acquisition of 99p Stores in 2015, Poundland's closest competitor was the now defunct … See more

    A Poundland museum has been created at Ludstone Hall, Claverley. This depicts the life of Steve Smith and his rise as market stall holder at Bilston Market to a multi-millionaire. See more

    Business operations image
    Overview image
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    Sales strategy
    For much of its history, Poundland promoted their sales strategy through the slogan: "Yes, Everything's £1!", yet started selling items for … See more

    Although price-point retailing and psychological pricing was first adopted in the United States during the 1870s by Frank Winfield Woolworth, the chain claims to have … See more

    Value for money
    Although the £1 price once prevailed throughout the stores, some branded products have been known to be offered cheaper at See more

     
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