Poundland: £1bn sales and plans for extra jobs

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.

Poundland has racked up nearly £1bn in annual sales and plans to expand opening 60 stores. Credit: PA

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.