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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Sep- 2023 -12 SeptemberHigh Street
Poundland acquires up to 71 Wilko stores
Poundland owner Pepco Group has announced today (12 September 2023) that it has agreed with PwC to take control of up to 71 Wilko store leases. Lease assignments are expected to be completed in early Autumn, enabling these stores to join Poundland’s existing 800-plus UK estate and trade through the…
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Jul- 2023 -13 JulyHigh Street
Poundland owner reports positive growth of 12.5% in Q3
Pepco Group, the owner of Poundland, has reported that third quarter revenues hit €1.37bn (£1.17bn), up by 12.5% year-on-year, with Poundland revenues up by 8.6% despite a “challenging” trading environment. Poundland delivered a particularly strong trading performance in Q3, driven by consumers prioritising spend on FMCG items, with like-for-like revenues…
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Jun- 2023 -6 JuneClothing & Shoes
Pepco profits dip despite revenue surge
Pepco has reported a 6% decrease in profit before tax from €144m (£124m) down to €134m (£115m) during the six months ended 31 March 2023. Despite this the company saw a 22% increase in its revenue from €2.4bn (£2.07bn) to €2.8bn (£2.41bn) on a constant currency basis. The retailer put…
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May- 2023 -18 MayHigh Street
Pepco continues international expansion
Pepco has announced that it is set to launch in Portugal following its successful launch in Spain. The Poundland owner is set to open a new store in Coimbra on 18 May followed by new openings in Albufeira and Olhão during May 2023. The brand will also set up stores…
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Apr- 2023 -21 AprilHigh Street
Poundland owner sees revenues rise 23% in H1
Pepco Group, the owner of Poundland, has welcomed “encouraging” results in its second quarter and first half of trading despite ongoing inflationary pressures in the market. Group revenues in H1 rose by 22.8% year-on-year to €2.8bn (£2.5bn), driven by strong Pepco growth of 36.9%. In addition, like-for-like revenues were up…
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Jan- 2023 -12 JanuaryHigh Street
Pepco Q1 revenues hit record €1.65bn
Pepco Group, the parent company of Poundland in the UK, has delivered record trading for the Christmas period as revenues hit €1.65bn (£1.4bn) for Q1 of FY23 ending 31 December 20222. As the group “outperformed” the wider market, its revenues for the first quarter represents year-on-year growth of 27%. The…
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Dec- 2022 -13 DecemberHigh Street
Pepco to accelerate expansion plans as revenues hit €4.8bn
Poundland owner Pepco has announced that it will accelerate its expansion plans after it posted revenues of €4.8bn (£4bn) for the year ended 30 September 2022. The discount retailer stated that it planned to have a greater focus on new stores in Western Europe and a refit programme in Central…
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Nov- 2022 -25 NovemberPeople Moves
Pepco Group appoints former CEO as chairman
Pepco Group, the parent company of variety discount retailer Poundland in the UK, has announced the appointment of Andy Bond as chairman and Neil Galloway as chief financial officer. Bond, who was the former CEO of the group and led it through its flotation on the Warsaw Stock Exchange, will…
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Oct- 2022 -12 OctoberHigh Street
Poundland owner sees revenues rise 17.4% in FY22
Pepco Group, the parent company of Poundland, has revealed an increase in the group’s full year revenues of 17.4% on a constant currency basis to €4.8bn (£4.2bn) for the financial year ending 30 September 2022. Poundland experienced a “strong” like-for-like full-year growth of 5.2%, as the discount goods brand increased…
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Jul- 2022 -14 JulyNews
Pepco Q3 revenues jump 17.4% amid expansion plans
Pepco Group has reported its group revenues increased 17.4% year-on-year to €1.21bn (£1.02bn) for the third financial quarter ending 30 June 2022 (Q3), as sales increased 4.9%. Pepco said its accelerated store expansion programme was the group’s single biggest driver of value creation, and the company is on track to…
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