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Trevor Masters appointed CEO of Pepco Group

European discount retailer Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, has appointed Trevor Masters as CEO, effective immediately. As announced on January 5, 2022, Masters is currently acting as interim CEO of Pepco Group. The board will propose his appointment as a board member at the next...

22 Apr 2022

Business

Pepco Group H1 revenues increase by 17.5 percent

Pan-European variety discount retailer, Pepco Group, reported first half revenue of 2,371 million euros, up 17.5 percent led by Pepco’s 28.9 percent growth. The company said in a statement that half year like-for-like (LFL) sales growth of 5.3 percent was driven by LFL of 12.1 percent in the second quarter. On March 31, Andy Bond stood down as...

21 Apr 2022

Business

Pepco Group shares debut on Poland’s WIG20 index

Shares of pan-European variety discount retailer, Pepco Group, owner of the Peoco and Dealz brands in Europe and Poundland in the UK will be included in the WIG20, the Warsaw Stock Exchange’s blue-chip index. Commenting on the development, Andy Bond, CEO of Pepco Group, said in a release: "We are very pleased that Pepco Group has met the...

21 Mar 2022

Poundland to drive e-commerce growth through new acquisition

Budget retailer Poundland has taken new steps in its strategy of powering a national roll-out for its pilot e-commerce operation. Through the newly acquired Poundshop.com, a seven-year-old value e-tailer the retailer has completed the purchase of, Poundland looks to accelerate the development and scale up its own online presence, for which it...

1 Mar 2022

Retail

Poundland opens biggest store yet, with focus on fashion

Budget retailer Poundland has opened its biggest store yet, offering its widest product selection as well as largest range of Pep&Co clothing and homeware. Located at Nottingham Riverside retail park, the store spans 15,000 square feet, over twice the size of a typical Poundland store. The location will also house Poundland’s biggest team to...

14 Feb 2022

Business

Pepco Group posts Q1 revenue growth of 12 percent

European discount retailer, Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, reported revenue growth of 12 percent. Sales at Pepco rose 20 percent. The growth was driven by 161 store openings including 146 Pepco stores and 15 Dealz stores. Commenting on the results, Andy Bond, CEO, Pepco Group,...

13 Jan 2022

People

Andy Bond to step down as Pepco CEO

Pepco Group, the variety discount retailer and owner of Poundland in the UK and the Pepco and Dealz brands in Europe, has announced that Andy Bond is stepping down as chief executive at the end of March due to health reasons. Bond, who was previously chief executive of Asda, took the helm at Pepco Group in 2015 and has guided the business...

5 Jan 2022

Business

Annual sales and profit increase at Pepco Group

European variety discount retailer, Pepco Group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, in its preliminary financial results for the year ending September 30, 2021 said, total revenue was 4,122 million euros, up 17.2 percent or 19.3 percent on constant currency basis. The company said in a statement that Pepco...

14 Dec 2021

Business

Pepco Group reports like-for-like sales growth of 6.5 percent

European variety discount retailer, Pepco Group, in its update for the financial year ending September 30, 2021 said that full year revenue of 4,122 million euros, rose 19.4 percent year on year led by 29.2 percent growth at Pepco. The company reported total like-for-like sales growth of 6.5 percent including 10.2 percent growth in the fourth...

14 Oct 2021

People

Pepco Group names Trevor Masters as chief operating officer

Pepco Group has announced the appointment of Trevor Masters as chief operating officer (COO), to help further accelerate its growth plans. The company said in a statement that Master’s appointment will be effective from 1 January 2022 and he will provide strategic direction and oversight to the group’s Poundland and Dealz brands, and its...

8 Oct 2021

Business

Pepco Group reports improved trading in Q3

Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, reported third quarter sales of 1,043 million euros and year to date sales of 3,038 million euros. On a LFL basis, the Pepco business reported 9.6 percent LFL growth year to date. Commenting on the results, Andy Bond, CEO Pepco Group, said: “We made good...

15 Jul 2021

Business

Pepco Group posts 9 percent growth in H1 sales

European discount retailer, Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, in its interim result statement for the first six months said, the group delivered total revenue growth on a constant currency basis of 9 percent and 4.4 percent on a reported basis to 1,995 million euros. The company reported LFL...

24 Jun 2021