CEO Jim McCarthy has to convince the regulator about the merits of its takeover of rival 99p Stores and expand successfully in a crowded market

If you gave Poundland’s chief executive a quid every time he says “amazing value” while accompanying him to a store, your outlay would be considerably more than the £4.72 that shoppers spend on an average visit.

Checking out the bargain chain’s Fulham outlet in west London, Jim McCarthy is gobsmacked by a sudden run on goldfish bowls – apparently being snapped up by students across the UK as makeshift cocktail glasses that can be shared by multiple tipplers dunking in straws. He marvels at other oddball bestsellers for the chain, such as two-for-a-pound Aloe Vera drinks which are selling more than some top drinks brands. And he is gutted that the company has sold out of selfie-sticks despite buying in tens of thousands of the gadgets. “We’re getting more in,” he says, firmly.

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Source: The Guardian Circular Economy RSS