Dealz plans further growth as sales climb
The discounter plans a further 60 new stores by the end of 2016
Print22 June 2015
Over the past few years, UK discount retailer Dealz has become a familiar sight on Ireland’s commercial landscape across Ireland; its parent company Poundland operates a total of 41 outlets in Ireland, including 10 opened in the year to March 29th.
Despite not revealing its actual sales results, Poundland revealed to the Irish Times the company had seen strong trading in both the UK and Ireland, and that it believes the Dealz brand is still “under-exploited” in Ireland. With this in mind, the company has revealed plans to open at least 60 new stores across both markets in the near future and that it would be trialling a low-cost, low-risk entry in to the Spanish market.
Dealz serves roughly 300,000 Irish customers every week, and experts estimate that the retailer sees around a €100m turnover annually. Chief executive Jim McCarthy confirmed that the company had seen what he called “attractive” financial returns.
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