The discount retailer's yearly sales have topped £1 billion for the first timeRead the full story ›
Poundland said its profits have jumped by a third as it continues to attract value-conscious-shoppers and adds new stores to its estate.
The West Midlands-based retailer, which has 556 stores in the UK and Ireland, opened its first outlets in Spain, called Dealz, in July and plans to have 10 over the next two years.
It added a net figure of 28 new stores in the UK and Ireland over the last six months and has long-term plans for 1,000 outlets, adding that it expects "to see many years of future growth."
The company's half-year results beat expectations today as total sales jumped 15% to £528.2 million, with like-for-like sales up 4.7% in the 26 weeks to September 28.
Underlying pre-tax profits jumped 34.2% to £12.6 million.
Poundland has announced mega sales figures topping almost £1bn this year, resulting in record profits.
The discount store says it plans to expand by opening 60 extra shops, which will create another 1,000 jobs over the next financial year.
Profits were up by 23.5% to a record £36.8 million, the retailer said, adding that it planned to open stores in Europe - first targeting the Spanish market.
Poundland opened 70 new stores in the UK this year, taking its total number of shops to 528.
The Supreme Court has upheld a 2011 decision by the Court of Appeal that unemployed people were not given enough information, especially about the sanctions for refusing jobs under the schemes.
The judgement said that the two claimants "should have [been given] sufficient information about the scheme to be able to make freely informed representations".
Work Secretary Iain Duncan Smith claimed a victory in the Supreme Court today despite it ruling that the 'back-to-work' schemes are legally flawed. He said:
We are very pleased that the Supreme Court today unanimously upheld our right to require those claiming jobseeker's allowance to take part in programmes which will help get them into work.
We have always said that it was ridiculous to say that our schemes amounted to forced labour, and yet again we have won this argument.
Ultimately this judgment confirms that it is right that we expect people to take getting into work seriously if they want to claim benefits.
The Government's 'back-to-work' schemes at the centre of the high-profile Poundland case were legally flawed, the UK's highest court ruled today.
Work and Pensions Secretary Iain Duncan Smith failed in a Supreme Court bid to overturn an earlier ruling that 2011 regulations underpinning the schemes were invalid.
Five Supreme Court justices upheld a Court of Appeal decision which went against the Government in February.
The Government has lost a Supreme Court appeal over a ruling that its flagship "back-to-work" schemes are legally flawed.
The Court of Appeal ruled that regulations underpinning the Government's "back-to-work" schemes were legally flawed.
Judges Lord Justice Pill, Lady Justice Black and Sir Stanley Burnton unanimously agreed in a judgment in February this year that the 2011 "work for your benefits" regulations failed to give the unemployed enough information, especially about the sanctions for refusing jobs under the schemes.
The ruling was a victory for university graduate Cait Reilly, 24, from Birmingham, who challenged having to work for free at a local Poundland discount store.
It was also a victory for 40-year-old unemployed HGV driver Jamieson Wilson, from Nottingham, who objected to doing unpaid work cleaning furniture and as a result was stripped of his jobseeker's allowance for six months.
The UK's Supreme Court is set to rule today on the legality of the Government's "back-to-work" schemes at the centre of the high-profile Poundland case.
Work and Pensions Secretary Iain Duncan Smith is attempting to overturn a Court of Appeal ruling that regulations underpinning the schemes were legally flawed.
The schemes were condemned by critics as ''slave labour'' because they involved work without pay and cuts in jobseeker's allowance for those who failed to comply with the rules.
University graduate Cait Reilly, 24, from Birmingham, and 40-year-old unemployed HGV driver Jamieson Wilson, from Nottingham, had both succeeded in their claims that the unpaid schemes were legally flawed.