Poundland owner to open 400 new stores despite dent to profits

The company said that whilst the near-term consumer environment is likely to continue to be impacted by Covid-related shopping restrictions, it ‘remains confident’ about its long-term growth strategy

Poundland owner the Pepco Group has announced plans to open 400 stores this year despite posting a drop in profits from €331 (£285m) to €229m (£198.2m) due to the impact of Covid-19.

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