Pepco news and archive

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...

Business

Pep&Co to cut UK head office jobs

Pep&Co, British discount fashion retailer, has confirmed it will be cutting 30 jobs at its UK head clothing office in Watford. The decision came after the company proceeded with a formal consultation process amid the ongoing transition to bring its clothing and general merchandise under one brand, Pepco. Last year, Pep&Co, which currently...

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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...

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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,...

ManagementFeatured

Pepco Group to nominate ex-CEO Andy Bond as the next board chairman

Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, has announced the nomination of Andy Bond as chairman and Neil Galloway as chief financial officer. The company said in a release that the board will propose the appointment of Bond – who was the former CEO of Pepco Group and led it through its...

ManagementFeatured

Pepco Group revenues up, outlook positive despite uncertain trading conditions

European discount retailer, Pepco Group, reported full year revenues of 4,824 million euros, up 17.4 percent on a constant currency basis. Full year underlying EBITDA on a constant currency basis is anticipated to be within a range of 735 million euros to 750 million euros, which is in-line with the company’s year-on-year growth expectations. On...

ManagementFeatured

Pepco Group delivers strong Q3 with revenue increase of 17.1 percent

In the third quarter, Pepco Group’s revenues of 1,210 million euros resulted in year-to-date revenues of 3,582 million euros, up 17.4 percent on a constant currency basis. The company’s third quarter revenues increased by 17.1 percent on a constant currency basis, led by Pepco delivering 28.5 percent growth with a particularly strong performance...

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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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Trevor Masters appointed CEO of Pepco Group

European discount retailer Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, has appointed Trevor Masters as CEO, effective immediately. As announced on January 5, 2022, Masters is currently acting as interim CEO of Pepco Group. The board will propose his appointment as a board member at the next...

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Pepco Group H1 revenues increase by 17.5 percent

Pan-European variety discount retailer, Pepco Group, reported first half revenue of 2,371 million euros, up 17.5 percent led by Pepco’s 28.9 percent growth. The company said in a statement that half year like-for-like (LFL) sales growth of 5.3 percent was driven by LFL of 12.1 percent in the second quarter. On March 31, Andy Bond stood down as...

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Pepco Group shares debut on Poland’s WIG20 index

Shares of pan-European variety discount retailer, Pepco Group, owner of the Peoco and Dealz brands in Europe and Poundland in the UK will be included in the WIG20, the Warsaw Stock Exchange’s blue-chip index. Commenting on the development, Andy Bond, CEO of Pepco Group, said in a release: "We are very pleased that Pepco Group has met the...

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Pepco Group posts Q1 revenue growth of 12 percent

European discount retailer, Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, reported revenue growth of 12 percent. Sales at Pepco rose 20 percent. The growth was driven by 161 store openings including 146 Pepco stores and 15 Dealz stores. Commenting on the results, Andy Bond, CEO, Pepco Group,...