The retailer, which sells everything for a pound, has attracted savvy consumers hoping to save some cash. Like-for-like sales at Poundland for the five weeks ending 4 January increased by 3.9%. Total sales were up 24.3% year-on-year.
Chief executive Jim McCarthy said: "It is clear Poundland has been one of the few retailers reporting growth during the 2008 Christmas trading period. We are well-positioned to capitalise on the continuing strong customer trend to seek value for money."
Poundland bucks trend and creates 1,000 jobs
The economic downturn has caused growth for Poundland, which intends to open 30 new stores this year, creating 1,000 jobs.
