Telling the truth about SME life today

Hot 100 2013 55: 99p Stores

Share on facebook
Share on twitter
Share on linkedin
Share on email

The basics

Company name: 99p Stores
What they do: Budget retailing
Headquarters: Northampton
The Boss: Nadir Lalani

The financials

Latest turnover (?,000): 270,222
Four-year compound sales growth (%): 34
Latest Ebitda (?,000): 10,907

The details

It is no secret that budget retailers, such as 99p Stores, have done well out of the recession as penny-pinching consumers look for bargains. In the last year alone, the Lalani family owners of 99p Stores have added another £40m to their turnover, bringing sales to £270.2m.

99p Stores was launched by Nadir Lalani in Holloway in 2001 and the chain now has more than 200 stores dotted across the country. More than 1.5 million customers pass through 99p Stores” doors every week to buy everything from furniture polish to chocolate. Each store stocks an average of 5,000 different products.

“It has now become cool and trendy to shop at 99p Stores; it’s become the social norm,” says co-founder Hussein Lalani. The public has become rightly fixated and hooked on value, and we re delighted to oblige. We conduct constant research and feedback and what has been coming across loud and clear is that the public is fed up of having been ?ripped-off for years by the Big Four supermarkets.

Trending

Topic

Share on facebook
Share on twitter
Share on linkedin
Share on email

Related Stories

More From

Trending

If you enjoyed this article,
why not join our newsletter?

We promise only quality content, tailored to suit what our readers like to see!