It is
remarkable to look back at how our U.K. business has grown from
an initial acquisition of 11 stores a little over ten years ago
to what is now.
Jeff Weiss, CEO, Dollar Financial
Payday lender Dollar Financial Corp (NASDAQ:DLLR) today announced the opening of its 300th
"Money Shop"
location in the United Kingdom.
The new store, located in the storied town of
Canterbury, will offer the Company's full range of consumer
financial products and services. As the town of Canterbury is also a
popular tourist destination, Dollar expects to benefit from
additional customer volume associated with its foreign currency
exchange service.
"We are very pleased to reach this significant milestone,"
said Jeff Weiss, the Company's Chairman and Chief Executive
Officer. "It is remarkable to look back at how our U.K. business
has grown from an initial acquisition of 11 stores a little over
ten years ago to what is now the largest network of its kind in
the country with a widely recognized and trusted 'Money Shop'
brand."
Weis believes there is a significant opportunity to further
expand Dollar's "relatively low industry penetration of retail
locations" to under-banked consumers, through continued de novo
store development supplemented with the strategic acquisition of
smaller store chains.
