Dealz owner reports record Christmas; candy canes play their part

Poundland, Europe’s biggest single price discount retailer, and parent company of Dealz, has reported a surge in the number of well-heeled shoppers visiting its stores as it notched up a record Christmas performance.

The budget chain, which is reportedly being lined up for a potential £800m float before the summer, today posted a 12.4% hike in total sales over the 13 weeks to December 31.