skip to main content
Find Insight DIY on
* * *

UK DIY News

Poundworld to launch wholesale site

Poundworld is to launch a wholesale transactional website next year in a bid to drive revenue growth.

The single price point retailer already trades some of its store stock on a wholesale basis, currently generating revenue of about £1m. Trading director Chris Edwards said this could grow to £5m with the new website.

Poundworld’s website, ITPimports.co.uk, will be aimed at market traders and small retailers.

Other retailers have also been diversifying during tough trading. Stationer Ryman revamped its business-to-business service last year.

Single price point retailers have not yet made the jump to selling online to customers because of the disproportionate costs involved with selling low-priced goods. However, competitor Poundland has said it expects to launch online in the next two years.

Edwards said trading had remained strong at Poundworld, which has 158 stores, with like-for-likes up between 2% and 3% in its current financial year.

Source : Retail Week
www.retail-week.com/multichannel/poundworld-to-launch-wholesale-site/5031277.article

18 November 2011
view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry