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 [...]
Exclusive: High Street queen Mary Portas says retail’s 2022 race to the bottom is finally over January 12, 2023 City A.M. sits down with the 'Queen of retail', or Madam High Street, retail consultant and broadcaster Mary Portas.
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. [...]
Spam sales up nearly 40 per cent at Waitrose as price hikes bite October 20, 2022 BRITAIN’S DISCOUNT retailers are set for a winter windfall – with even Waitrose shoppers turning to spam and fish heads as the cost of living crisis bites. The sales of both have risen more than a third at the high-end supermarket over the past year, the firm confirmed overnight. Analysts reckon budget grocers like Aldi [...]
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 [...]