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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Nov- 2023 -8 NovemberNews
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
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8 NovemberHigh Street
Poundland expands clothing offering across UK&I
Poundland owner Pepco Group has completed the transition to new clothing ranges at the discount retailer, bringing its family fashion offer to 560 stores across the UK and Ireland, including all 56 former Wilko locations that have now reopened. The transition, which took place over the last eight weeks, meant…
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Oct- 2023 -25 OctoberDIY
Poundland to open 75 stores by end of December
Poundland has announced its plans to open or relocate 75 stores over the three months to the end of December. The programme covers both its existing pipeline of new stores, and the former Wilko stores it has already opened, or plans to open, as new Poundland stores. This month the…
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12 OctoberNews
Today’s news in brief-12/10/23
Next is reportedly in the final stages of acquiring clothing brand FatFace in a deal worth over £100 million. This move follows Next’s recent acquisitions, including a majority stake in Reiss, the brand name and assets of Cath Kidston, and the acquisition of Made.com. The group also has investments in…
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12 OctoberNews
Poundland owner revenues hit €5.6bn in FY23
Pepco Group, owner of Poundland in the UK and Dealz brands in Europe, reported a 17.7% revenue increase to €5.6bn (£4.8bn) during FY23. The revenue increase was a result of strong growth of 24.8% at its Pepco brand and 8.4% at Poundland. Group revenue for the fourth financial quarter ended…
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10 OctoberNews
Poundland to open nine more converted Wilko stores
Poundland has confirmed another nine former Wilko stores have been converted and will open their doors the upcoming weekend. The announcement comes after an additional 20 former Wilko stores had already opened as a Poundland in the past week. The English and Welsh Poundland stores that will open on Saturday…
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6 OctoberFeatures
How Poundland repurposed 10 Wilko stores in two weeks
The biggest story in retail over the last few weeks has undoubtedly been the struggles and eventual collapse of Wilko. The company fell into administration in August and just a month later it was announced that all of its stores would be closing. As a result, two of its rivals…
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Sep- 2023 -29 SeptemberNews
Pepco reshuffles management team amid difficult trading conditions
Pepco has experienced an increasingly challenging trading environment over recent weeks within its core markets of Central and Eastern Europe, with weaker consumer demand for our key clothing and general merchandise categories. As a result, the company has decided to reshuffle its management team, with managing director Anand Patel stepping…
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15 SeptemberPeople Moves
Pepco Group CEO steps down
Pepco Group has confirmed that Trevor Masters has stepped down as CEO of the company with immediate effect. Andy Bond, chair of the group’s board, will step into the role of executive chair, leading the executive team and overall management of the company until a successor CEO is appointed. Bond…
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13 SeptemberHigh Street
The Range agrees £5m deal for Wilko brand
Value retail chain The Range has agreed a deal to purchase the Wilko brand in a deal worth £5m, according to reports from Sky News. The deal is expected to be announced later on Wednesday and will be the latest in a series of transactions signed by administrators PwC. More…
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