Poundland news

Pepco Group reported a strong performance for its first quarter of FY23, ending 31 December 2022. Total group revenue rose 27%, to €1.65 bn, year-on-year, as it delivered record trading days across all its brands following an impressive Christmas trading period.  Strong Q1 results and on track with FY23 plans Pepco Group’s like-for-like (LFL) sales grew by 13%, with its Pepco brand repor...

Pepco Group, owners of Poundland in the UK, released its preliminary annual results for the year ending 30 September 2022. The results showed strong group sales, with revenue increasing by 17.4% to €4.82 bn. Aiming to open 550 stores in FY2023 The group opened 516 new stores in the financial year, which helped boost its performance. This was made up of 70 Poundland and Dealz stores and 44...

Poundland owners Pepco Group released its year end results, for the year ending 30 September 2022, which showed like-for-like sales at the Poundland Group, which includes stores under the Dealz banner in Ireland, Poland, and Spain, grew by 2.6%. Total sales grew by 5.0%, at constant currencies, to £1.87 bn. Pepco Group’s revenue increased by 5.2% to €4.82 bn. What is driving growth for Poundl...

As Waitrose launches a new price-focused campaign, Poundland extends its offer and Boots launches an ‘everyday’ value range, we round up developments in the market. Poundland doubles number of products being sold for £1… Poundland is to extend its range of products being sold for £1 as it looks to support shoppers facing up to the challenges of the cost-of-living crisis. The retailer said t...

As our ShopperVista Quarterly channel trends report shows sustained usage for the variety discount channel, with increasing usage from AB shoppers, we round up key developments for Poundland. Poundland to open further new stores in 2022… Poundland will open or relocate 25 stores in the UK before the end of 2022, with 10 to be opened by the end of September and the remainder before the e...

Pepco reported total Group sales rose 17.1% to €1.21 bn, with like-for-like sales up 4.9% in the three months to 30 June. Expansion continued to drive total sales growth, with the retailer opening 115 new stores during the quarter. Pepco banner outperformed Poundland in Q3… While Group sales rose 17.1%, it was the Pepco banner’s growth of 28.5% that drove overall performance. The retailer h...

As Poundland looks to expand its range selling at £1 or less and Poundstretcher returns to profit, we round up news from the retailers. Poundland returns to £1 roots to drive value perception Poundland is to increase the share of products it sells at £1 or less to 60% as it looks to project its value messaging and support shoppers. The retailer has moved away from its fixed price roots over...

Announcing its strong first half results, Pepco has underlined the challenges it is seeing emerge in the UK as the cost-of-living crisis impacts on shopper spending. Group revenues rise 18.9% in H1… Across all its operations in Europe, Pepco reported revenues rose 18.9%, on a constant currency basis, to €2.37 bn. Store growth remained a key driver of this growth, with store numbers rising 1...

Home Bargains sales surpass £3bn The retailer’s revenue increased 20% in the year to 30 th June 2021 to £3.3bn. Alongside this, operational profit increased 52% to £394m in the period. Pre-tax profits rose similarly 51% to £396.7m. Growth was partly driven by new store openings, with the retailer opening 27 in 2021, bringing its total to 552 stores. This followed 19 store openings in 20...

Variety discounter Poundland has acquired online retail business Poundshop.com for an undisclosed amount. Who is Poundshop.com? Poundshop.com was founded in 2014. It has over 400,000 customers across the UK. The company employs 65 colleagues and is located close to Poundland’s head office in the West Midlands. Poundshop.com sells branded consumer products priced between £1 and £5 and ...