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Poundland Group

  • 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 [...]

  • Poundland sales grow as discount store chain introduces new price points and product lines

    January 27, 2021

    Poundland owner Pepco reported a jump in revenue in the first quarter due to its status as an essential retailer and its introduction of new price points and product lines including clothing and homeware. The discount store chain, which trades as Pepco and Dealz in Europe and Poundland in the UK, said group like-for-like sales [...]

  • Poundland owner lines up advisors for stock market listing

    January 7, 2020

    The owner of Poundland is reportedly mulling a stock market listing that could value the discount retailer at about £3.4bn. Steinhoff International Holdings, the owner of Poundland’s parent company Pepco Group, is expected to appoint advisors in the next few days to support plans for an initial public offering (IPO), Sky News reported. Read more: [...]

  • Supermarket wars hot up: Poundland launches online shopping trial

    September 1, 2015

    Poundland is dipping a toe in the waters of online retailing, with the bargain chain launching a trial online shopping service today. The discount retailer’s website, will initially offer 2,000 products ranging from Poundland’s £1 Make Up Gallery cosmetics range to Toblerone bars and three-for-£1 cans of Coke. Poundland said the service will have no [...]

  • Poundland’s share price soars as discount retailer gets greenlight for 99p Stores takeover

    August 25, 2015

    Poundland's acquisition of (more) budget rival 99p Stores has been given the provisional go-ahead by the competition watchdog, sending the listed company's share price soaring.    The Competition and Markets Authority this morning said the merger “may not be expected to result in a substantial lessening of competition”.     It said: "Along with Poundworld, [...]

  • Regulators list problems with Poundland’s £55m 99p Stores merger

    June 25, 2015

    Britain’s competition watchdog unveiled a list of issues it is exploring around Poundland’s £55m merger with 99p Stores after the discount chain agreed to push ahead with an in-depth probe last month. Poundland, which floated on the stock market last year, announced in February that it was going to buy 99p Stores. However, the Competition [...]

  • Billion Poundland: Profits up 18.6 per cent for budget retailer in first year since IPO

    June 18, 2015

    Poundland’s profits soared 18.6 per cent in the 12 months to 29 March as it passed £1bn in sales for the first time. Read more: Poundland brings forward competition probe into 99p Stores deal The figures Underlying pre-tax profit hit £43.7m, an 18.6 per cent increase on 2014’s £36.8m. Total sales rose 11.9 per cent to [...]

  • Poundland brings forward competition probe into 99p Stores deal

    May 6, 2015

    Bargain store Poundland has bought forward a competition probe into its offer to buy rival 99p Stores for £55m. The Competition and Markets Authority (CMA) previously said the tie-up could create "a realistic prospect of less competition" in 80 local areas – and an additional 12 areas where they will be competitors in the near future. It said [...]

  • Poundland eyes extension over 99p Stores deal probe

    April 14, 2015

    Poundland is expected to ask for an extension tomorrow over its decision on whether to walk away from its £55m tie-up with 99p Stores or proceed with a full-scale probe by the competition watchdog. The Competition and Markets Authority (CMA) said last week that it had concerns over 92 areas where it believes there could [...]

  • Poundland’s quids in: Sales surpass £1bn at discount retailer for the first time

    April 14, 2015

    Sales at Poundland have smashed past the £1bn mark for the first time. The figures Sales at Poundland for the full year to the end of March were £1.1bn, up almost 12 per cent on the previous year's sales of £997m on a constant currency basis. It expects pre-tax profits to be in line with [...]

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