Poundland is a British variety store chain which sells every item in its stores for just £1. Established in April 1990, Poundland stock a variety of around 3,000 home and kitchenware, gift, healthcare and other products. Currently Poundland operates 500 stores in Britain, with annual sales of £1 billion and an annual procurement amount of £150 million.
In August 2013, Tradegood supply-chain analysis center invited representatives from Poundland Far East Limited, the Hong Kong branch of Poundland, to take part in a Shenzhen Buyer Summit. At the summit, Tradegood’s unique business matching session and Tradegood supplier members’ solid qualifications impressed deeply the Poundland buyers. On September 9, a Poundland buyer representative also visited Qingdao to participate in the private business-matching event specially arranged for Poundland. The representative brought their latest sourcing requirements and presented them to attending suppliers. The suppliers were well prepared and presented their top samples and latest brochures, representing their overall corporate image and manufacturing capability.
Poundland’s main sourcing requirements at this matching event were jewelry, ceramics and grocery products. For this event, Tradegood screened suppliers in the database in advance and achieved a high matching rate as a result of which some 21 high-quality suppliers recommended by Tradegood were able to meet with the buyer. In addition, there was a special video matching session to help suppliers unable to attend on site to meet with the buyer ‘face to face’. Through their negotiations, the buyer got to know about the suppliers’ other customers, price range, type of products, compliance, major export markets, and sales turnover. He also had an overview of suppliers’ operating experience, MOQ, lead times and other related information. The buyer said he planned to contact some of the suppliers for quotations and sampling. He would also look at opportunities to visit factories for more detailed information and cooperation.
The Poundland representative expressed appreciation to Tradegood for their range of business-matching events. Poundland is actively working to reach more excellent suppliers in China so as improve the supply chain and strengthen competition in the market through the Tradegood platform.
‘The arrangements were good, facilities excellent and the staff assigned well informed and helpful. Regina Xue has a good understanding of our requirements and communicates this well.’
General Manager Asia, Poundland
Poundland is a British variety store chain which sells every item in its stores for just £1. Established in April 1990, Poundland stock a variety of 3,000 home, kitchenware, gift, healthcare and other products. Currently Poundland has 500 stores in Britain, with annual sales of £1 billion and an annual procurement amount of £150 million.