European discounter Pepco Group said the performance of its struggling Poundland business in Britain deteriorated in the Christmas quarter, with underlying revenue falling 7.3%.

RTÉ

Ireland

Poundland's sales fall worsened in Christmas quarter

Pepco Group said the UK business will increase the number of products it sells for £1 or less in a bid to improve its performance.

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The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

Poundland owner to take ‘immediate measures’ to halt chain’s sales slump

Government of Ireland

The Warsaw-listed retailer said group like-for-like revenue fell 1.1% in the three months to December 31, its fiscal first quarter, narrowing from 3.5% in the prior quarter

Irish Examiner

The Irish Times

Poundland's decline in Britain weighs on Dealz owner

The owner of Poundland has vowed to get the discount retailer back on track after its performance dragged on the wider Pepco Group. In the first quarter of its financial year, the final three months of 2024, Poundland’s sales totalled €563m (£474.5m), down 9.3 per cent year on year on a constant currency basis. That compares to Dealz’s sales rising by 16.2 per cent to €106m and Pepco itself reporting a revenue of €1.26bn, up 8.4 per cent. Overal…

City AM

Poundland owner Pepco vows to turn around discount retailer as sales fall

The Pepco Group recently surpassed the 5,000-store mark worldwide. Almost 1,000 operate under the Poundland brand, which has been experiencing falling sales. The company's management admits that this is their weak point and their goal is to repair the business.

Grupa Pepco ostatnio przebiła granicę 5000 sklepów na świecie. Prawie 1000 działa pod marką Poundland, która notuje spadki sprzedaży. Władze firmy przyznają, że jest to ich słaby punkt i celem jest naprawa biznesu.

Pepco ma słaby punkt. Prezes mówi, że to priorytet

Business Insider (Poland)

Pepco has a weak point. The CEO says it's a priority

Poundland saw sales nosedive in the quarter to December 31, driven by continued weak clothing and general merchandise performance as well as challenging market conditions. Like-for-like sales at the value retailer slumped 7.3% for its first quarter ended 31 December. This performance meant that group like-for-like sales across its parent company Pepco declined 1.1% overall, despite positive like-for-like performances from stablemates Pepco and D…

Retail Gazette

Poundland festive sales plummet after transition to Pepco products - Retail Gazette

Poundland owner Pepco has pledged that getting Poundland “back on track” is its key priority after sales at the discount retailer fell over the Q1 period. In the quarter ended 31 December, Poundland saw like-for-like sales fall by 7.3%, largely driven by a “continued underperformance” in clothing and general merchandise, with double-digit declines across both categories. According to the group, this in part followed a transition to Pepco-sourced…

Retail Sector

Pepco plans to get Poundland ‘back on track’ following weak Q1 sales

Poland-based Pepco Group said the UK business, which runs 825 stores, will increase the number of products it sells for £1

lancashiretelegraph.co.uk

Gannett

Blackburn

Blackburn with Darwen

Discount store owner to take ‘immediate measures’ to halt sales slump

The discount retailer - and its owner - are facing a challenging time as sales fall

business-live.co.uk

Reach plc

Poundland owner vows to 'get back on track' as sales tumble

Pepco Group said the UK business will increase the number of products it sells for £1 or less in a bid to improve its performance. The parent firm of Poundland has said it is taking “immediate measures” to turn around the performance of the UK discount chain after a sharp drop in sales. Poland-based Pepco Group said the UK business, which runs 825 stores, will increase the number of products it sells for £1 or less as part of efforts to get the …

Poundland's sales fall worsened in Christmas quarter

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