Poundland news

07 October 2019
Poundland's parent company Pepco Group has appointed Trevor Masters as the new PEPCO managing director. Trevor Masters joins to deliver strong growth plans Trevor Masters previously worked for Tesco, leaving the company in May 2017. He was with the retailer for over 30 years, most recently in the role of CEO for its international operations, following successfully leading Tesco's Asian busi...
01 October 2019
Poundland's parent company Pepkor Europe has announced it is renaming to Pepco Group, emphasising its operational and financial independence from Steinhoff. This comes after a Group refinancing and changes to the senior management team. Alongside this move the retailer has announced its expansion plans for the future. We look at these in more detail.  Business vision: Europe's largest varie...
03 September 2019
Poundland has released its results for the nine months to June 30th 2019. Revenue growth driven by clothing Revenue from Poundland and Dealz rose to €1,358m, an increase of 3%, from €1,324m in 2018. This is an improvement on the half year ending 31 March 2019 when revenue grew by +1.6%. Performance was driven by the PEP&CO clothing shop-in-shops which are now in around 300 stores...
13 August 2019
Poundland has begun trialling new price points to enable it to widen its range. We look at this in more detail. Trialling multiple price points The retailer will be trialling adding 50p, 75p, £1.50, £3 and £4 price points to its range. This is a build on the introduction of £2 and £5 price points in 2017. Although Poundland has previously offered products at 50p in certain stores as 'Man...
17 July 2019
Poundland has shown improving results, with revenue rising 1.6% in H1 for the half year ending 31 March 2019. Growth driven by clothing Revenue rose to £811m in H1, an increase of 1.6%. This was driven by a strong Q2 performance of +3.1%, improving on the results of Q1 where sales were +1.6%. The success of Pep&Co clothing was behind the results, as it saw a sales increase of 32.2% for H1. ...
09 May 2019
Poundland seeks to widen its appeal by expanding its product offering. The includes growing both its fresh and beauty range, and the launch of a new meal deal. New fresh meal deal Poundland will be increasing its fresh offering, adding 22 new products to its range, according to The Grocer. These will be a mix of branded and private label products, including fresh fruit and a range of sandwi...
07 March 2019
Poundland's parent company Pepkor has released its latest financial results for Q1. Poundland: positive results driven by clothing Total revenue: €516m (GB£433m) an increase of 0.6% Stores: 882 an increase of 0.2% Despite the broadly flat performance Pepkor was happy with the results, given the weak UK consumer backdrop. The results built on the positive Q4 results of ...
14 January 2019
Pepkor Europe-owned Dealz, part of the Poundland family, plans to open 20 stores in Spain over the next three years. Dealz currently has 10 stores in Spain, after opening two in Q4 2018. InfoRetail reports the news as part of an interview with the company. Targeting shopping centres and high streets Dealz will continue to open its new stores in shopping centres and high streets and start op...
13 December 2018
We bring you three examples of how value retailers are finding new ways to stand out and drive sales this Christmas. Poundland: pre-wrapped Secret Santa gifts Poundland is trialling a 'secret santa' aisle in its Stratford store. All of the products cost £1 and are pre-wrapped, making the purchase a secret for the shopper also. The initiative is aimed at workplace secret santas, where collea...
11 December 2018
Poundland's parent company Pepkor Europe has revealed its latest financial results for Q4 and the full year ended 30 September 2018. Group update A positive year in terms of sales for Pepkor Europe as it expands its footprint across the continent with its three brands: Poundland, Dealz and PEPCO. Q4 sales : €781m (£691m), +12.9% FY sales : €3,049m (£2,696m), +10.6% FY Stores:...