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Poundland posts 12% sales increase

High Street stock
High Street stock

%VIRTUAL-SkimlinksPromo%Discount retailer Poundland 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 £800 million float before the summer, today posted a 12.4% hike in total sales over the 13 weeks to December 31.