Pepco Group news and archive

Pepco Group posts Q3 revenue growth, maintains outlook

Discount retailer Pepco Group’s year to date revenue of 4,681 million euros increased 10 percent at constant currency, while third quarter revenue of 1,481 million euros, increased 8 percent. The company, owner of the Pepco and Dealz brands in Europe and Poundland in the UK reported a like-for-like (LFL) revenue decline of 4.3 percent in the...

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Pepco Group posts Q2 revenues growth, names new CEO

Discount retailer Pepco Group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, reported second quarter revenue of 1,349 million pounds, up 11.7 percent, while like-for-like sales were down 2.9 percent. In the first half, revenue of 3,200 million pounds with constant currency growth of 11 percent versus last year, while...

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Pepco posts 2.3 percent drop in Q1 like-for-like sales

Pepco Group reported first quarter revenues of 1.9 billion euros with constant currency revenue growth of 11 percent versus last year. However, group like-for-like (LFL) revenues declined 2.3 percent. The company said, Pepco brand LFL revenue fell 3.7 percent, Poundland LFL grew 0.9 percent, with a strong peak Christmas performance driven by...

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Pepco reports sales growth, profit declines

European discount retailer Pepco Group reported FY23 revenue of 5,649 million euros, up 17.7 percent on a constant currency basis, driven by Pepco growth of 24.8 percent and Poundland Group growth of 8.4 percent. The company’s like-for-like revenues grew 6 percent during the year under review with Pepco growth of 6.3 percent and Poundland Group...

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Pepco Group: Q4 revenue up 12.5 percent despite 'challenging' trading environment

Discount retail giant Pepco Group has reported strong fourth-quarter revenue growth and record full-year sales despite a “challenging market backdrop”. The group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, generated revenue of 1.44 billion euros in the three months ended September 30, up 12.5 percent on a...

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Pepco expands European footprint, debuts stores in Bosnia and Herzegovina

Pepco Group, owner of the Pepco and Dealz brands across Europe and Poundland in the UK, opened its first store in Bosnia and Herzegovina. Commenting on the retail expansion plan, Trevor Masters, CEO of Pepco Group, said: “The opening of the first Pepco store in Bosnia and Herzegovina represents a milestone in the group’s profitable store...

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Pepco Group posts Q3 revenue growth of 12.5 percent

Pepco Group has announced that the company’s year to date revenue of 4,209 million euros, up 19.3 percent on a constant currency basis, driven by Pepco growth of 29.3 percent and Poundland Group of 7.1 percent. The company, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, reported third quarter revenue of 1,370 million...

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Pepco Group posts 22.8 percent H1 revenue growth

For the first half period, Pepco Group revenue of 2,839 million euros, rose 22.8 percent compared with prior year on a constant currency basis, while like-for-like (LFL) sales growth was 11.1 percent. The company said LFL growth was driven by a good Christmas peak trading period of 13 percent LFL in the first quarter, followed by a resilient...

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Pepco brand to open its first store in Portugal

Discount retailer Pepco Group will open its first Pepco store in Portugal this week, as part of its European store expansion plan. The new Pepco store in Coimbra, which opens on May 18, will be followed by new openings in Albufeira and Olhão during May 2023. Further launches are planned in a number of cities across Portugal over the course of...

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Pepco Group delivers strong sales growth of 22.8 percent

Discount retailer Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, reported first half revenue of 2,839 million euros, up 22.8 percent on a constant currency basis, driven by 36.9 percent growth at Pepco brand. The company said that like-for-like (LFL) revenues for the period were up 11.1 percent, with 8.5...

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Pepco Group posts strong H1 revenue, profit growth

Discount retailer Pepco Group has reaffirmed its full-year guidance after reporting strong revenue and profit growth in the first half of the year. In the six months to March 31, revenue increased 18.9 percent year-on-year to 2.372 billion euros. The group, which owns the Pepco and Dealz brands in Europe as well as Poundland in the UK, said...

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Andy Bond to step down as Pepco CEO

Pepco Group, the variety discount retailer and owner of Poundland in the UK and the Pepco and Dealz brands in Europe, has announced that Andy Bond is stepping down as chief executive at the end of March due to health reasons. Bond, who was previously chief executive of Asda, took the helm at Pepco Group in 2015 and has guided the business...