Cheap and cheerful: Poundland owner to open 550 new sites as inflation drives expansion June 6, 2023 Poundland owner Pepco has plans to roll out 550 more sites this year across the UK and Europe as its cheap and cheerful goods continue to perform well with customers amidst the cost of living crisis. In its interim results the value shop, which sells everything from groceries to clothes, posted a 22.8 per cent [...]
Poundland owner Pepco to accelerate plan for new stores as profit booms December 13, 2022 Poundland owner Pepco will accelerate its store rollout strategy as it looks to entice cash-strapped shoppers, after posting elevated profit. The discount retailer said it was taking an increased focus on new stores in Western Europe and a refit programme in Central and Eastern Europe. Pepco was upping its annual capex spend to between €350m [...]
Exclusive: Poundland owner opens 3,000th Pepco store amid discount frenzy December 1, 2022 Discount giant Pepco has opened its 3,00th store, with a new Berlin site, as momentum swells for affordable goods while households tighten their belts. The owner of the Pepco, Dealz and Poundland brands told CityA.M. its 3,000th Pepco store opened its doors today, with plans to roll out hundreds more stores in the near future. [...]
Poundland’s owner sales skyrocket as High Street giant gets boost from rapid expansion October 12, 2022 Poundland parent firm Pepco Group has revealed a rise in sales over the past year, boosted by its rapid store expansion programme. The company said total group revenues grew by 17.4 per cent to £4.25bn over the year to September, compared with the previous year. The firm’s Poundland business reported a 5 per cent increase [...]
Lidl joins Sainsbury’s, Tesco and Primark to shut shops for Queen’s funeral September 12, 2022 Top supermarkets and retailers including Lidl, Waitrose and Sainsbury’s are set to shut their UK stores on the day of Queen Elizabeth II’s funeral. Major retailers B&Q and Primark will also close shops for the bank holiday to mark the Queen’s state-funeral next Monday. Some supermarkets are also working on plans to cut some of [...]
Poundland to open 25 UK stores this year as low-price giant exploits Brits’ hunger for cheaper products August 3, 2022 Poundland said this morning it plans to open and relocate 25 stores across the country in 2022. Ten new branches will be opened by the end of next month and 15 more before the year ends. The low-price retailer said it will primarily focus on high streets, retail parks, and neighbourhoods, with stores expected to [...]
Poundland sales resilient as shoppers more familiar with discount brands versus 2008 July 14, 2022 Poundland’s owner has reiterated its confident outlook, encouraged by the size of the discount market across Europe amid present economic turmoil. In a third quarter trading update, Pepco posted group revenues of €1.2bn, with year-to-date sales hitting €3.5m. The retailer, which also owns the Dealz and Pepco brands in Europe, said Poundland like-for-like sales had [...]
Poundland owner: UK shoppers particularly wounded by higher bills due to stagnant wage growth June 9, 2022 Poundland owner Pepco has said consumers in the UK have been particularly wounded by higher costs of living, impacting spending. Pepco, which also owns discount retailer Dealz, said higher wages in Central and Eastern European markets were significantly offsetting inflationary pressures. However, in the Western European markets, stagnant wage growth had led to shoppers paring [...]
Poundland owner Pepco pledges to ‘protect prices’ as discounter names new CEO April 22, 2022 Poundland owner Pepco has vowed to “protect prices” as customers feel the pinch of rising bills. The Warsaw-listed retailer posted a 17.6 per cent rise in first-half revenue, sales were buoyed by new store openings. Customers would be protected from increases to prices by the retailer renegotiating terms with key suppliers and stock efficiency programmes, [...]
Pepco CEO to step down this year due to health reasons January 5, 2022 Poundland owner Pepco has announced its chief executive officer Andy Bond will step down later this year due to health reasons. Pepco Group, which owns discount retailer brands including PEPCO, Poundland and Dealz, said Bond will step down at the end of March. He is expected to stay on the board as an advisor until [...]