Poundstretcher to open in Dubai

Budget UK store to open at Madina Mall Discuss this article

poundstretcher
© ITP Images

UK discount store Poundstretcher is set to open in Dubai.

The bargain-basement retail chain will open its first branch outside the UK at Madina Mall.

The chain plans to open a further six in the Gulf, after spotting a gap in the market for discount retailers, said Cliff Lomberg, general manager for Middle East and Africa.

“There is a gap in the market for discount retailers out there. We think we can make money,” said Lomberg.

Madina Mall in Deira is expected to open at the end of the month. Its Poundstretcher branch will be the first of four stores across the UAE, said Lomberg.

Poundstretcher saw its 2011 profits soar to GBP£1.4m (US$2.2m) against the previous year’s loss of GBP£7.1m in April.

It will be the first value retailer to expand outside of the UK and Ireland, Retail Week reported.

By Jamie Goodwin
Time Out Dubai,

Add your review/feedback

Subscribe to Daily Dubai newsletter

Prove you're not a robot:

Submit

The Knowledge

Dubai’s Meydan One record-breaking plans revealed
Aug 4

Dubai's Meydan One has confirmed it will be home to the world's tallest building (residential), longest ski slope, longest fountains and more.

5 things to do today in Dubai
Aug 4

Lunchtime golf or get networking

5 things to do tomorrow in Dubai
Aug 4

Attend grape pairing and dinner at Rosso or play table tennis for free at DSW

Newsletters

Sign up now
latest issue TIME OUT KIDSOut now!
latest issue EATING OUT GUIDEOut now!