Poundland is Quids In

Online Stock Trading - Can You Buy Shares in Poundland?

Poundland and pound shops are the new chic. Online stock trading and the stock market may be down but trading at Poundland is booming. Can you buy shares in Poundland? Well, Poundland is wholly-owned by Advent International a private equity company, so in simple terms the answer is no you can't. Have a look at pawnbrokers Albemarle and Bond instead if you are looking for stocks and shares in companies that should do well in a recession.

Poundland (in case you have led a sheltered life) is a shop where every item costs a pound. An 'item' may be a hammer or a box of 20 bottles of superglue - how they make a profit is a mystery to me, but they obviously do. It's a pity they don't have an online stock trading store.

Like-for-like sales at Poundland rose 3.9% over the five weeks to January 4 as Christmas shoppers went cheap, so if you are wondering where your Christmas presents came from, now you know.

Sales including new stores were up 24.3% year on year.

Other "value-for-money retailers" such as baker's Greggs, Domino's Pizza and budget clothing chains New Look and Peacocks also saw strong sales - while M&S suffered (tip to M&S - reduce your prices and stop paying your executives so much!).

Poundland has more than 2 million customers a week and is expanding its store base in 2009 significantly as the UK enters recession.

Poundland has more than 200 shops and has plans to add 30 new stores and create 1,000 new jobs.

CEO Jim McCarthy said: "We are well positioned to capitalise on the continuing strong customer trend to shop savvy and seek value for money."

Poundland has been owned by private equity firm Advent International since 2002.

Poundstretcher, Poundland's main competitor is owned by Instore and has not yet reported on Christmas trading. But sales for the 7 weeks from the end of August showed a 1.9% like-for-like increase.

Pawnshops are also doing well - Albemarle & Bond (ABM) is a pawnshop listed on the UK stockmarket

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