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
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
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
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
Pan-European variety discount retailer, Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK reported like-for-like (LFL) sales growth of 5.5 percent in the first quarter against a challenging comparative of 3.9 percent in 2019. The company said in a statement that stores not impacted by Covid-related closures,...
27 Jan 2021
In an interim business update for the six months to March 31, 2020, Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the United Kingdom said that the company saw revenue growth of 9.7 percent to 1,912 million euros from space expansion in Pepco & Dealz brands plus positive LFL growth. The company said in a statement...
23 Jun 2020
Value retailer Poundland has sold close to 40,000 engagements rings before Valentine’s Day, the retailer told the BBC. Costing just one pound, demand has nearly doubled since 2019, with the rings meant to be used as “placeholders” for “real” rings, the companysaid. Spending on Valentine’s Day soared to 853 millions pounds in 2019, up 7.8 percent...
14 Feb 2020
Pep&Co, Poundsland’s very own foray into the fashion world, is presenting serious competition for the likes of Asda. As reported by the ‘Independent’, the discount retailer is thought to be expanding sales of its clothing brand Pep&Co to more than 100 stores by the end of the year in an attempt to emulate Asda's George’s success. Pep&Co was...
31 Mar 2017
Poundland known for its 1 pound price tag is to start selling clothing, but for more than 1 pound, as the new owners look to tie up the bargain chain with the group’s clothing brand Pep & Co. Andy Bond, the former Asda boss who now heads up the bargain retailer as the boss of Pepkor Europe, an arm of South African group Steinhoff International,...
19 Dec 2016
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