Lots of interesting stuff in this article. Firstly, it is worth noting the growth of 'price leader' strategies at times of economic downturn. Secondly, pound-shops' business model is very interesting and seems to depend on size and relationship with suppliers. (Who would have thought that Colgate is Poundland's supplier?)
How do pound shops cope with inflation?
By Anthony Reuben
Eighteen years since it opened its doors, some people are still struggling with the "everything is a pound" concept.
But enough people seem to be getting the hang of it to have boosted sales of the two biggest chains: Poundland with 191 stores and 99p Stores with 60.
Read the whole article at: http://news.bbc.co.uk/1/hi/business/7680302.stm
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