To pivot away from its FMCG-reliant segments, Pepco Group intends to actively evaluate all strategic options for separating Poundland from the Group during FY25, including a potential sale, while concurrently managing Dealz Poland to optimize its value in the medium term. This strategic shift is motivated by the financial drag exerted by the...
6 Mar 2025
Discount retailer Pepco Group said that the year-to-date Pepco business was impacted by supply chain issues, affecting the consistent and timely availability of stock in stores. Poundland and Dealz were also affected by the transition to Pepco-sourced clothing and general merchandise, which is being addressed and initial benefits are expected to...
26 Sept 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
Discount retailer Pepco Group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, reported second quarter revenue of 1,349 million pounds, up 11.7 percent, while like-for-like sales were down 2.9 percent. In the first half, revenue of 3,200 million pounds with constant currency growth of 11 percent versus last year, while...
11 Apr 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
European discount retailer Pepco Group reported FY23 revenue of 5,649 million euros, up 17.7 percent on a constant currency basis, driven by Pepco growth of 24.8 percent and Poundland Group growth of 8.4 percent. The company’s like-for-like revenues grew 6 percent during the year under review with Pepco growth of 6.3 percent and Poundland Group...
12 Dec 2023
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
Pepco Group, owner of the Pepco and Dealz brands across Europe and Poundland in the UK, opened its first store in Bosnia and Herzegovina. Commenting on the retail expansion plan, Trevor Masters, CEO of Pepco Group, said: “The opening of the first Pepco store in Bosnia and Herzegovina represents a milestone in the group’s profitable store...
4 Sept 2023
Discount retailer Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, reported first half revenue of 2,839 million euros, up 22.8 percent on a constant currency basis, driven by 36.9 percent growth at Pepco brand. The company said that like-for-like (LFL) revenues for the period were up 11.1 percent, with 8.5...
20 Apr 2023
Discount retailer Pepco Group has reaffirmed its full-year guidance after reporting strong revenue and profit growth in the first half of the year. In the six months to March 31, revenue increased 18.9 percent year-on-year to 2.372 billion euros. The group, which owns the Pepco and Dealz brands in Europe as well as Poundland in the UK, said...
9 Jun 2022
Pepco Group, the variety discount retailer and owner of Poundland in the UK and the Pepco and Dealz brands in Europe, has announced that Andy Bond is stepping down as chief executive at the end of March due to health reasons. Bond, who was previously chief executive of Asda, took the helm at Pepco Group in 2015 and has guided the business...
5 Jan 2022