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    99p Stores

    British discount store chain

    99p Stores Ltd. was a family-run business founded in January 2001 by entrepreneur Nadir Lalani, who opened the first store in the chain in Holloway, London, with a further three stores opening later that year.[citation needed] In 2002, Lalani decided to expand the business throughout the UK and had rapidly developed 99p Stores, operating a total of 129 stores as of March 2010 and serving around 1.5 million customers each week,[2] undercutting their main rival Poundland by a penny.

    As of mid-2009 the company offered more than 3,500 different product lines throughout its stores.[3]

    Most of their stores were based in the south of the UK, although there were stores as far north as Liverpool and Hartlepool.[4] The chain saw accelerated store expansion upon the collapse of Woolworths Group, where they took the opportunity to acquire 15 of these former stores, increasing their estate to 79 at that time