Poundland owner Pepco shuns London to float in Warsaw April 26, 2021 Poundland owner Pepco this morning announced its intention to go public in Poland, in a blow for London’s financial market. Pepco said it intends to apply for listing and admission to the Warsaw Stock Exchange, and said it had chosen Poland as it is the firm’s largest operating area. The discount retailer, which has more [...]
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 [...]
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’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.
Discounter Pepco sets sights on Europe with 400 store openings February 19, 2021 The owner of British discount retailer Poundland has targeted 400 store openings across Europe in the upcoming financial year as it expands its Pepco brand, its boss said on Friday. The group opened 327 new stores in the previous financial year, taking the total to more than 3,000 across 15 countries. Italian confidence Pepco entered [...]
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer
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’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 [...]
Wilko brand set to be bought by The Range as carve up continues September 13, 2023 The Range is poised to buy the brand and intellectual property of Wilko, as the collapsed high street store continues to be carved up by competitors.
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 [...]