Pepco
This coverage focuses on Pepco’s operations, strategy, and market presence within the UK and European retail landscape. Reporting highlights store expansion plans, pricing strategies, supply chain developments, leadership updates, and financial performance. Aimed at professionals monitoring value retail formats and analysing competitive dynamics across discount and general merchandise sectors.
-
Apr- 2025 -28 AprilNews-In-Brief
Today’s news in brief-28/4/25
Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s…
Read More » -
28 AprilHigh Street
Hilco Capital and Endless table offers for Poundland
Several potential buyers have reportedly tabled their offers to acquire Poundland, after the retailer has been hit by struggling sales and mounting losses in recent months. According to Sky News, Hilco Capital and turnaround investor Endless both set forth their respective proposal offers on Friday (25 April) ahead of a…
Read More » -
3 AprilFeatures
Is going private the next big trend in retail?
Walgreens Boots Alliance was acquired by the American private equity firm Sycamore Partners in a deal valued at up to $23.7bn (£18.3 billion). Around the same time, Pepco Group, owner of Poundland, received interest from potential buyers for its 825-store Poundland business in the UK. With major retailers opting for…
Read More » -
Mar- 2025 -6 MarchNews-In-Brief
Today’s news in brief-6/3/25
Pepco Group is considering the sale of Poundland as part of a strategic shift to focus on its Pepco brand, which drives the majority of its earnings. Despite a 1.5% increase in group like-for-like sales in early 2025, Poundland has struggled with declining performance, exacerbated by a challenging UK retail…
Read More » -
6 MarchHigh Street
Pepco explores potential sale of Poundland amid trading challenges
Pepco has announced that it is “actively exploring” a potential sale of Poundland amid rising pressures on the business, and instead plans to focus on the Pepco brand as a single future format. The discount retail group said its “ultimate ambition” is to operate under a single Pepco format, which…
Read More » -
Jan- 2025 -22 JanuaryClothing & Shoes
River Island drafts in AlixPartners to tighten costs
River Island has brought in AlixPartners to work on a cost reduction and profit improvement exercise ahead of the planned tax rises in April, according to reports from Sky News. Precise details of the exercise were not clear but is not believed to encompass formal restructuring work that could lead…
Read More » -
16 JanuaryNews-In-Brief
Today’s news in brief-16/1/25
The UK economy experienced modest growth in November 2024, with GDP rising by 0.1% following two months of decline. This upturn was driven by a 0.1% increase in services output, primarily bolstered by a 2% rise in accommodation and food services. Consumer-facing services grew by 0.5%, while wholesale and retail…
Read More » -
16 JanuaryHigh Street
Pepco plans to get Poundland ‘back on track’ following weak Q1 sales
Poundland owner Pepco has pledged that getting Poundland “back on track” is its key priority after sales at the discount retailer fell over the Q1 period. In the quarter ended 31 December, Poundland saw like-for-like sales fall by 7.3%, largely driven by a “continued underperformance” in clothing and general merchandise, with…
Read More » -
Dec- 2024 -10 DecemberNews-In-Brief
Today’s news in brief-10/12/24
Supermarket sales are set to surpass £13bn in December for the first time, boosted by festive spending and rising grocery prices. Data from Kantar reveals take-home grocery sales climbed 2.5% in the four weeks to 1 December. The average Christmas dinner for four has risen 6.5% to £32.57, largely due…
Read More » -
10 DecemberHigh Street
Pepco Group suffers £675m Poundland hit
Pepco Group has reported a £675m impairment charge on its UK subsidiary Poundland, as a result of “a significant decline in performance in FY24 and weaker outlook for profitability amid increasing competition and cost challenges”. The charge primarily reflects the goodwill from Pepco Group in relation to the Poundland acquisition.…
Read More »
