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 Retail 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 Retail Poundland's profits were slashed by almost £33m during its latest financial year despite its sales rising by nearly £200m, it has been revealed.
Poundland owner Pepco brings in Vision Express boss as new chief amid ‘challenging’ environment April 11, 2024 Pepco Group, the owner of the Poundland brand in the UK, has appointed a new chief executive.
Matalan finance chief to step down after 23 years as successor poached from Poundland February 12, 2024 The chief financial officer of Matalan is to step down after 23 years in role as the fashion retailer announced his successor.
Poundland owner Pepco warns disruption in the Red Sea could raise freight costs January 18, 2024 Poundland owner Pepco has warned that disruption at the Red Sea could lead to higher freight costs and hit product supply.
Pepco: Poundland owner ‘cautiously optimistic’ despite ‘disappointing’ profits December 12, 2023 The owner of Poundland, Pepco said it was cautiously optimistic for the year ahead, as it recorded a 17.1 per cent surge in revenues for the full year to €5.6bn – despite profit problems mounting. Demand for budget goods has surged amid the cost of living crisis as shoppers seek out cheaper alternatives, according to [...]
Poundland and B&M deals for 100 Wilko stores facing collapse due landlord haggling October 4, 2023 The acquisition of 100 Wilko stores by B&M and Poundland could fall through, as the discount retailers attempt to negotiate more favourable terms with landlords. B&M, which acquired 51 Wilko stores, has been accused of delaying completing deals while it looks to set up new rent and lease arrangements and to renegotiate the terms in [...]
Pepco: British Poundland veteran parachuted in to save struggling European wing September 28, 2023 A retail veteran, who was instrumental in driving UK growth for budget outlet Poundland, has been reshuffled by Pepco to head up its struggling European division. The move comes as the arm posted its second profit warning in three weeks. Barry Williams, who served as managing director of Poundland and Dealz, in the UK and [...]
Poundland sales continue to surge as bargain hunters seek out best deals July 13, 2023 Poundland has once again been bolstered by a surge in shoppers seeking out value goods, with its parent company Pepco reporting a 12.5 per cent surge in revenues in the third quarter. Pepco Group said it reached revenues of €1.37bn (£1.17bn) as the group opened 141 new store openings during the third quarter across its [...]