dealz news and archive

Pepco Group to spin off Poundland, focus on Pepco brand

To pivot away from its FMCG-reliant segments, Pepco Group intends to actively evaluate all strategic options for separating Poundland from the Group during FY25, including a potential sale, while concurrently managing Dealz Poland to optimize its value in the medium term. This strategic shift is motivated by the financial drag exerted by the...

BusinessFeaturedMember

Poundland Struggles in Q3; Pepco Group plans revival

European discount retailer Pepco Group delivered first quarter revenue of 1.9 billion euros, with constant currency growth of 3 percent versus last year. However, LFL revenues declined 1.1 percent, with a positive performance from both Pepco and Dealz offset by continued challenges in the Poundland business. In December the company’s CEO Stephan...

ReportMember

Pepco Group records strong FY24 financial results

European variety discount retailer Pepco Group, in its preliminary unaudited results statement for the 12 month period said that revenue of 6.2 billion euros, increased by 10.2 percent, driven by new store growth. Like-for-like (LFL) revenue declined by 3.2 percent during FY24. Pepco revenue increased by 14.2 percent; Poundland by 0.2 percent...

ReportMember

Pepco Group continues to address supply chain issues

Discount retailer Pepco Group said that the year-to-date Pepco business was impacted by supply chain issues, affecting the consistent and timely availability of stock in stores. Poundland and Dealz were also affected by the transition to Pepco-sourced clothing and general merchandise, which is being addressed and initial benefits are expected to...

ReportMember

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...

BusinessFeaturedMember

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...

ReportMember

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...

ReportMember

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...

ReportMember

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...

ManagementFeaturedMember

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...

ReportMember

Pepco Group delivers Q1 sales growth of 27 percent

Pan-European variety discount retailer, Pepco Group, owner of the Pepco and Dealz brands in Europe and Poundland in the UK, reported first quarter revenues of 1,654 million euros, up 27 percent on a constant currency basis and 24 percent on an actual basis. Group Q1 like-for-like (LFL) growth was 13 percent on a constant currency basis, with all...

ReportMember

Pepco Group posts revenue and profit growth

In its preliminary results statement, pan-European discount retailer Pepco Group said revenue for the year of 4,823 million euros was up 17.4 percent on a constant currency basis and 17 percent on an actual basis. The company has reported like-for-like (LFL) sales growth of 5.2 percent on a constant currency basis. Commenting on the results,...