Retail group Pepco Group NV increased its sales in the first half of 2024/25, but faced further difficulties with the Poundland retail chain. In the six months to March 31, the discounter generated sales of 3.3 billion euros, according to preliminary figures published on Thursday. This represents growth of 4.3 percent compared to the same period...
22 May 2025
Andy Bond, the chairman of Pepco Group, has announced his intention to step down from the budget retail conglomerate following the company’s upcoming AGM on 12 March. Bond’s departure comes after 13 years with Pepco, which then revealed that Frederick Arnold was to be his successor. Arnold is currently a non-executive director at the company,...
3 Feb 2025
Barry Williams, the former managing director of Poundland, is understood to have returned to the board of the struggling budget retail chain as its parent company, Pepco Group, reviews the business. According to a report by The Grocer, Williams is believed to have taken up a supervisory role on an interim basis to run a “comprehensive assessment...
24 Jan 2025
Pepco Group, the Polish owner of budget store chain Poundland, is believed to have appointed advisory firm AlixPartners to address an ongoing sales slump at the firm. According to Sky News, Pepco has hired consultants to explore “radical options” for Poundland, with a formal restructuring plan or a potential sale of the business said to be among...
21 Jan 2025
European discount retailer Pepco Group delivered first quarter revenue of 1.9 billion euros, with constant currency growth of 3 percent versus last year. However, LFL revenues declined 1.1 percent, with a positive performance from both Pepco and Dealz offset by continued challenges in the Poundland business. In December the company’s CEO Stephan...
16 Jan 2025
Following a lacklustre financial year at Poundland, the UK discount retailer has now come under the lens of its parent company, Pepco Group, which is hoping to initiate a turnaround in its performance. Speaking to Reuters, Pepco’s new chief executive officer, Stephan Borchert, said the company was looking into “every strategic option” for the...
12 Dec 2024
European variety discount retailer Pepco Group, in its preliminary unaudited results statement for the 12 month period said that revenue of 6.2 billion euros, increased by 10.2 percent, driven by new store growth. Like-for-like (LFL) revenue declined by 3.2 percent during FY24. Pepco revenue increased by 14.2 percent; Poundland by 0.2 percent...
10 Dec 2024
Discount retailer Pepco Group’s year to date revenue of 4,681 million euros increased 10 percent at constant currency, while third quarter revenue of 1,481 million euros, increased 8 percent. The company, owner of the Pepco and Dealz brands in Europe and Poundland in the UK reported a like-for-like (LFL) revenue decline of 4.3 percent in the...
11 Jul 2024
European discount conglomerate Pepco Group has reported its interim results for the six-month period ended March 31, 2024, during which time it saw revenues rise 13.8 percent year-on-year to hit 3.2 billion euros. While the group itself welcomed positive results for the business as a whole, with group EBITDA up 28.2 percent and gross margin...
24 May 2024
Just two years on from its entry into the region, UK-headquartered Pepco Group NV is discontinuing its business activities in Austria. The retail group, which operated 73 budget stores of the same name in the country, came to the decision after an ongoing and thorough review of its performance concluded that the market did not meet its...
22 Feb 2024
Pepco Group reported first quarter revenues of 1.9 billion euros with constant currency revenue growth of 11 percent versus last year. However, group like-for-like (LFL) revenues declined 2.3 percent. The company said, Pepco brand LFL revenue fell 3.7 percent, Poundland LFL grew 0.9 percent, with a strong peak Christmas performance driven by...
18 Jan 2024
Discount retail giant Pepco Group has reported strong fourth-quarter revenue growth and record full-year sales despite a “challenging market backdrop”. The group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, generated revenue of 1.44 billion euros in the three months ended September 30, up 12.5 percent on a...
13 Oct 2023