99p Stores is a UK variety store retailer founded in 2001 with over 100 locations. It offers a range of household goods, beauty products, and food at price points of 99p, with about a third of products sourced from Asia. The company is privately owned by Nadir Lalani and had sales of over £150 million by 2010, targeting £1 billion in revenues.

1. FSP Retailer Profiles
99p Store

2. FSP Retailer Profiles - 99p Store
About
Established in 2001, 99p Stores is a variety store retailer with over 100
locations across the UK.
Products offered range from household goods, to beauty to food, and
History include both own and branded goods selling at a price point of 99p.
A third of its products are sourced from the Far East, and other tactics
• In October 2009, the retailer
such as using less material in garments, for example, can allow them to
appointed Gordon Brown as their
offer products at such a low price.
new chairman, who took up the
99p Stores is a Private Limited company owned and founded by Nadir
position on 1 October 2009, taking
Lalani, and in August 2009 it was reported that a sale or floatation may
over from Peter Gent. Brown
be on the cards as early as summer 2010 (Lalani has previously built up
previously served as managing
and sold two other convenience store chains)
director at Wilkinson between
In 2010 99p Store introduced a new store format under the fascia Family
1991–2007
bargains
• 2009 – The 99p Store Head Quarters
relocated to Daventry
• 2006 - £8m cash injection from 99p Store Trading Countries
Barclays Ventures & Lloyds TSB UK Year BIS Guide
secured
2010 Head above water
• 2001 - 99p Store is founded
2009 Very worrying
Recent News 2008 Very worrying
• 99p Stores extends its Family Head above water
Bargains trial 2007
• Family behind 99p Stores launches 2006 Head above water
out-of-town chain
• 99p Stores lays out plans to become 2005 Head above water
‘one-stop’ shop
• 99p Stores takes on greeting cards
market
• 99p Stores to build stores empire as
it targets turnover of £1bn
©FSP 2010. BIS © Department for Business Innovation and Skills.
2 The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk

3. FSP Retailer Profiles - 99p Store
99p Store Sales 99P Store Financial Health
99p Store Financial Health Progression
108
200000
106
104
150000 102
100
Millions
P2
100000 98
Sales Exc Vat
96 P2
UK Sales Exc Vat
50000 94
92
0 90
2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010
Year Year
©FSP 2010. BIS © Department for Business Innovation and Skills.
3 The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk

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