priced right these shares could be worth a small investment .. the £1 shop phenomena is not going away .. there may also be, in the not too distant future, a take-over/merger bid from one of the big boys: Assaintesaudimor
Just shows the state our economy is in That's why all these 99p pound shops are thriving?
No, not really - it's more about the gullibility of the British consumer. Chances are they are spending more money in pound stores than they would in a regular supermarket. Here's some staple food examples I picked at random:
Poundland 2 litres of milk: £1 (obviously) (50p per litre) Sainsbury's 4 litres of milk: £1.39 (34.75p per litre) Poundland Warburton sliced loaf: £1 Sainsbury's Warburton sliced loaf: £1.45 But the Poundland loaf is only 600g whereas the Sainsbury's one is 800g. So that's £1.81 versus £1.66 per kilo: Poundland wins. But the thing is there's a Sainsbury's own brand 800g loaf for £0.90. That's only £1.125 per kilo vastly cheaper than the Poundland product.
Just shows the state our economy is in That's why all these 99p pound shops are thriving?
No, not really - it's more about the gullibility of the British consumer. Chances are they are spending more money in pound stores than they would in a regular supermarket. Here's some staple food examples I picked at random:
Poundland 2 litres of milk: £1 (obviously) (50p per litre) Sainsbury's 4 litres of milk: £1.39 (34.75p per litre) Poundland Warburton sliced loaf: £1 Sainsbury's Warburton sliced loaf: £1.45 But the Poundland loaf is only 600g whereas the Sainsbury's one is 800g. So that's £1.81 versus £1.66 per kilo: Poundland wins. But the thing is there's a Sainsbury's own brand 800g loaf for £0.90. That's only £1.125 per kilo vastly cheaper than the Poundland product.
I take your example, but I have found that if you are clever and look at things like this, you can make massive savings.
Poundland 2 litres of milk: £1 (obviously) (50p per litre) Sainsbury's 4 litres of milk: £1.39 (34.75p per litre)
Never seen a uk supermarket selling 4L of milk
Apologies - I screwed that up - it was of course 4 pints (2.27 litres) so Poundland wins that one! (In my defence, I'm only usually looking for drink that comes in 750ml size!) But Asda has 6 pints for £1.48 (43.4p a litre) or, 4 pints for £1 (44p a litre) - so you get my drift - pound shops aren't necessarily the bargain that they make out. But maybe that makes their shares a good buy?
cafcfan makes a fair point, there is a huge market at the moment for brands to do reduced sized products to sell at the 99p/£1 shops, so the consumer thinks they are getting a bargain when they are not.
I go in them a fair bit, they are very good for the odd thing, but you can see how easy it is for people to get carried away and put more in the basket because 'its only a £1'. You generally find though that some form of bigger more established chain will be doing some comparative offer which will work out cheaper though as long as you don't mind changing brands (ie. places like Boots, Superdrug, Wilkinson will constantly have different shower gels, deodorants etc at half price or less, as long as you don't mind changing brands or buy in bulk at time of offer).
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That's why all these 99p pound shops are thriving?
Poundland 2 litres of milk: £1 (obviously) (50p per litre)
Sainsbury's 4 litres of milk: £1.39 (34.75p per litre)
Poundland Warburton sliced loaf: £1
Sainsbury's Warburton sliced loaf: £1.45
But the Poundland loaf is only 600g whereas the Sainsbury's one is 800g. So that's £1.81 versus £1.66 per kilo: Poundland wins. But the thing is there's a Sainsbury's own brand 800g loaf for £0.90. That's only £1.125 per kilo vastly cheaper than the Poundland product.
I go in them a fair bit, they are very good for the odd thing, but you can see how easy it is for people to get carried away and put more in the basket because 'its only a £1'. You generally find though that some form of bigger more established chain will be doing some comparative offer which will work out cheaper though as long as you don't mind changing brands (ie. places like Boots, Superdrug, Wilkinson will constantly have different shower gels, deodorants etc at half price or less, as long as you don't mind changing brands or buy in bulk at time of offer).