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.
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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…
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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.…
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Sep- 2024 -26 SeptemberNews
Today’s news in brief-26/9/24
Morrisons has finalised a £370m deal with Song Capital, retaining ownership of 75 supermarket properties’ freehold while receiving income over 45 years. This move aims to reduce debt accumulated since its 2021 acquisition by CD&R. H&M expects to miss its 10% profit margin target for 2024 due to stagnant Q3…
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26 SeptemberHigh Street
Poundland owner sales fall amid supply chain disruptions
Poundland owner Pepco Group has reported that like-for-like revenues fell 3.1% during the fourth quarter, as a result of ongoing supply chain disruptions affecting the “consistent and timely” availability of stock in stores. This comes despite Pepco’s group revenues for the 51 weeks to 22 September rising 10% on a…
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Jul- 2024 -11 JulyNews
Today’s news in brief-11/7/24
The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services sector led growth, expanding by 0.3%, while construction grew by 1.9%. Analysts see this growth influencing the Bank of England’s upcoming interest rate decision. British entrepreneur Mike Jatania is nearing…
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11 JulyNews
Pepco Group LFL revenue dips 4.3% in Q3
Pepco Group, owner of Poundland, Dealz and Pepco, has reported a 4.3% decline in group like-for-like revenues for its third financial quarter ended 30 June. Poundland saw a 6.9% LFL decline due to challenges related to the introduction of new Pepco-sourced clothing and general merchandise ranges. Pepco’s LFL revenues were…
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Apr- 2024 -11 AprilNews
Today’s news in brief-11/4/24
Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…
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11 AprilHigh Street
Pepco LFL sales dip 2.5% in H1 amid tough comparatives
Poundland owner Pepco Group has reported that group revenues on a constant currency basis rose by 11.1% to £2.73bn (€3.2bn), though on a like-for-like basis revenues dipped by 2.5% in the half-year ending 31 March 2024. The group has attributed its like-for-like sales performance during the period to a tough…
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Mar- 2024 -14 MarchHigh Street
Poundland to start TV ad campaign to showcase new ranges
Poundland has confirmed it will start advertising its all-new clothing, homewares and grocery ranges on UK and Ireland TV for the first time. The TV slots which will debut tomorrow (15 March) and run until mid-April will highlight the value Poundland is now able to bring shoppers, having completely revamped…
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Feb- 2024 -28 FebruaryM&A
Jollyes acquired by TDR Capital
Jollyes has been acquired by TDR Capital from previous owners Kester Capital, for what Kester calls a 4.2x return on investment. The investment, expected to be completed by the end of March, will enable Jollyes to continue to grow its store estate at pace. Upon completion of the deal TDR…
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