Poundland owner Pepco slumps to huge loss after £640m hit Retail Discount retail giant Pepco slumped to a loss of more than £450m after weak performance from Poundland in the UK, it has been revealed. The European group has posted a pre-tax loss of €554m (£458.7m) for the 12 months to 30 September, 2024, after having made a profit of €159m (£131.6m) in the prior year. [...]
Grocers vs bargain chains: Discount competition is heating up Food fight The discount sector is crowded and competitive: Aldi, Lidl, Poundland and B&M are only a few of the retailers vying for space. The market for discount goods has been growing over the last few years, but not every company has been a winner – only a few stores have managed to attract and keep customers. [...]
Red Sea disruption hits sales at Poundland owner Pepco Retail Delays in summer stock reaching stores due to Red Sea shipping disruption contributed to sales at Poundland owner Pepco slumping over its latest quarter.
Poundland owner Pepco eyes profit surge as revenue passes milestone May 24, 2024 Pepco, the owner of Poundland, has set its sights on posting profits of €900m for its current financial year after the group's interim revenue passed a major milestone.
Poundland’s profit slashed despite sales rising by £200m May 13, 2024 Poundland's profits were slashed by almost £33m during its latest financial year despite its sales rising by nearly £200m, it has been revealed.