dealz news and archive

Pepco Group continues to address supply chain issues

Discount retailer Pepco Group said that the year-to-date Pepco business was impacted by supply chain issues, affecting the consistent and timely availability of stock in stores. Poundland and Dealz were also affected by the transition to Pepco-sourced clothing and general merchandise, which is being addressed and initial benefits are expected to...

Business

Pepco Group posts Q3 revenue growth, maintains outlook

Discount retailer Pepco Group’s year to date revenue of 4,681 million euros increased 10 percent at constant currency, while third quarter revenue of 1,481 million euros, increased 8 percent. The company, owner of the Pepco and Dealz brands in Europe and Poundland in the UK reported a like-for-like (LFL) revenue decline of 4.3 percent in the...

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Pepco Group posts Q2 revenues growth, names new CEO

Discount retailer Pepco Group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, reported second quarter revenue of 1,349 million pounds, up 11.7 percent, while like-for-like sales were down 2.9 percent. In the first half, revenue of 3,200 million pounds with constant currency growth of 11 percent versus last year, while...

Business

Pepco posts 2.3 percent drop in Q1 like-for-like sales

Pepco Group reported first quarter revenues of 1.9 billion euros with constant currency revenue growth of 11 percent versus last year. However, group like-for-like (LFL) revenues declined 2.3 percent. The company said, Pepco brand LFL revenue fell 3.7 percent, Poundland LFL grew 0.9 percent, with a strong peak Christmas performance driven by...

Business

Pepco Group posts Q3 revenue growth of 12.5 percent

Pepco Group has announced that the company’s year to date revenue of 4,209 million euros, up 19.3 percent on a constant currency basis, driven by Pepco growth of 29.3 percent and Poundland Group of 7.1 percent. The company, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, reported third quarter revenue of 1,370 million...

Business

Pepco Group posts 22.8 percent H1 revenue growth

For the first half period, Pepco Group revenue of 2,839 million euros, rose 22.8 percent compared with prior year on a constant currency basis, while like-for-like (LFL) sales growth was 11.1 percent. The company said LFL growth was driven by a good Christmas peak trading period of 13 percent LFL in the first quarter, followed by a resilient...

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Pepco Group delivers strong sales growth of 22.8 percent

Discount retailer Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, reported first half revenue of 2,839 million euros, up 22.8 percent on a constant currency basis, driven by 36.9 percent growth at Pepco brand. The company said that like-for-like (LFL) revenues for the period were up 11.1 percent, with 8.5...

Business

Pepco Group delivers Q1 sales growth of 27 percent

Pan-European variety discount retailer, Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, reported first quarter revenues of 1,654 million euros, up 27 percent on a constant currency basis and 24 percent on an actual basis. Group Q1 like-for-like (LFL) growth was 13 percent on a constant currency basis, with all...

Business

Pepco Group posts revenue and profit growth

In its preliminary results statement, pan-European discount retailer Pepco Group said revenue for the year of 4,823 million euros was up 17.4 percent on a constant currency basis and 17 percent on an actual basis. The company has reported like-for-like (LFL) sales growth of 5.2 percent on a constant currency basis. Commenting on the results,...

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Pepco Group to nominate ex-CEO Andy Bond as the next board chairman

Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, has announced the nomination of Andy Bond as chairman and Neil Galloway as chief financial officer. The company said in a release that the board will propose the appointment of Bond – who was the former CEO of Pepco Group and led it through its...

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Pepco Group revenues up, outlook positive despite uncertain trading conditions

European discount retailer, Pepco Group, reported full year revenues of 4,824 million euros, up 17.4 percent on a constant currency basis. Full year underlying EBITDA on a constant currency basis is anticipated to be within a range of 735 million euros to 750 million euros, which is in-line with the company’s year-on-year growth expectations. On...

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Pepco Group delivers strong Q3 with revenue increase of 17.1 percent

In the third quarter, Pepco Group’s revenues of 1,210 million euros resulted in year-to-date revenues of 3,582 million euros, up 17.4 percent on a constant currency basis. The company’s third quarter revenues increased by 17.1 percent on a constant currency basis, led by Pepco delivering 28.5 percent growth with a particularly strong performance...