
Pep&Co continues to be a strong retail pillar for Poundland.The UK discount giant is backing the success of its budget clothing brand, opening two standalone stores in the Midlands as part of wider growth plans.
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Pep&Co continues to be a strong retail pillar for Poundland.The UK discount giant is backing the success of its budget clothing brand, opening two standalone stores in the Midlands as part of wider growth plans.
Poundland, Pepco and Dealz owner Pepco Group has signed a framework agreement with CCC Austria for the acquisition of up to 29 store leases in Austria.
South African conglomerate Steinhoff said on Friday it had set the price of shares in discount retailer Pepco at 40 zlotys (8.8 euros) in its Warsaw listing, giving the company a market capitalisation of 23 bn zlotys.
Discount giant Pepco Group, the owner of clothing retailer Pep&Co, has been valued close to £5 billion ahead of a proposed initial public offering (IPO).
The owner of the Pep&Co fashion brand has snubbed the London Stock Exchange and chosen to list its shares in Poland instead. The company is thought to be worth around €5 billion.
Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
Budget retailer Poundland has announced a major new transformation programme designed to take it through the next decade. The programme will also see the company testing out online delivery for the first time.
Warnings that the UK retail environment will remain challenging during the rest of the year may deter many large chains from investing in bricks-and-mortar but Poundland is planning to open six new Pep&Co shop-in-shops.
Pan-European value retailer Pepco Group has had a reasonably good first half, despite the pandemic, as many stores were able to operate during lockdowns due to them selling essentials as well as non-essential goods.
Poundland, the chain that sells the Pep&Co clothing brand, is closing around 100 of its stores temporarily with 32 of them on the initial closure list.