Budget retail giant Poundland, which operates the Pep&Co clothing and homewares brand within its stores, is to open its largest UK flagship in Stockton-on-Tees next week. It becomes Poundland’s second store in the town.
There’s good progress when it comes to expanding, and then there’s Pepco progress. The pan-European variety value retailer said Thursday that store expansion “accelerated” in its first quarter to 31 December.
Pan-European variety discount retailer Pepco Group is to lose its long-standing CEO Andy Bond due to health reasons. He will step down in late March, but will remain an advisor until the end of the financial year.
To say Pepco Group is growing fast is an understatement. Opening 483 stores across Europe in just a year was the overriding reason why the discount retail brands group produced a stellar sales numbers for the year.
Poundland, Pepco and Dealz owner Pepco Group has seen a 16.8% increase in core earnings, as revenue growth from new store openings offset pandemic closures. The company also operates the budget Pep&Co fashion brand.