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Discount retailer Pepco plans digital drive

Pepco Group will focus on developing digital tools such as a mobile app and a loyalty programme to support in-store shopping, its CEO said today, after the discount retailer reported higher revenue for the bulk of its fiscal year.

Business • 25 Sep

People walking outside a Pepco shop in Warsaw in Poland

Pepco posts higher Q3 revenue, launches buyback of €50m

Discount retailer Pepco Group has today posted record-high third-quarter revenue and announced a share buyback programme of up to €50m, as it reported its first results after the sale of Poundland.

Business • 10 Jul

Poundland's owner said the business might not make a profit in its 2024/25 financial year

Pepco warns of meagre proceeds from any Poundland sale

European discount retailer Pepco Group plans to separate its struggling Poundland business in Britain from the group by September, but warned investors not to expect "major proceeds" from any sale.

Business • 22 May

Pepco Group, which owns Dealz here, said the performance of its struggling Poundland business in the UKn deteriorated in the Christmas quarter

Poundland's sales fall worsened in Christmas quarter

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%.

Business • 16 Jan

Dealz owner Pepco has made an impairment charge of €775m for its Poundland business in the UK on a weak performance and outlook

Discounter Pepco books €775m impairment on Poundland

European discount retailer Pepco Group, which trades as Dealz here, has reported an annual net loss of €662m, citing an impairment charge of €775m for its Poundland business in the UK on a weak performance and outlook.

Business • 10 Dec 24

European discount retailer Pepco Group trades as Dealz here

Pepco says supply chain disruption continues to hit sales

European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower than the prior year, partly reflecting ongoing supply chain disruption.

Business • 26 Sep 24

Discounter Pepco Group, which owns Dealz, today reported a 2.5% fall in first-half same-store sales

Dealz owner Pepco says trading environment 'challenging'

Discounter Pepco Group has today reported a 2.5% fall in first-half same-store sales and said the trading environment across Europe remains challenging.

Business • 11 Apr 24

Dealz ower Pepco is set to leave the Austrian market

Dealz owner Pepco to quit Austrian market

European discount retailer Pepco Group said it will exit the Austrian market, saying it does not expect appropriate returns in the country.

Business • 20 Feb 24

Pepco Group said it was facing additional surcharges from carriers in relation to the longer shipping routes being taken

Dealz owner warns Red Sea disruptions could hit supply

Dealz owner Pepco Group cautioned today that inventory levels could be impacted if disruptions to shipments through the Suez Canal due to attacks by Iran-backed Yemeni Houthi militants in the Red Sea continues during 2024.

Business • 18 Jan 24

Dealz owner Pepco Group has today reported a 3.1% rise in full-year core earnings in line with its latest guidance

Pepco says 'sales challenges' to continue into 2024

European discounter Pepco Group has today cautioned that "short-term sales challenges" would continue into 2024 for retailers, although the profit margin outlook was improving.

Business • 12 Dec 23

Pepco, which owns Dealz, said it would open at least 400 net new stores in its 2023/2024 year, down from 668 in 2022/23

Dealz owner Pepco to slow store opening plan

Pepco Group, the European discount retailer that issued two profit warnings last month, will slow down its aggressive store opening programme, it said today.

Business • 18 Oct 23

Dealz owner Pepco Group has reported a 12.5% jump in its fourth-quarter revenue to €1.44 billion

Pepco revenue jumps as new store openings exceed target

Dealz owner Pepco Group has today reported a 12.5% jump in its fourth-quarter revenue to €1.44 billion on a constant currency basis, as the European discount retailer opened more than expected new stores during the year.

Business • 12 Oct 23

Dealz owner Pepco has cut it outlook again

Pepco Group further lowers EBITDA forecast

European discount retailer Pepco Group said today it further downgraded its forecast for 2023, estimating that underlying EBITDA for the period will be about €750m, compared with last year's €731m.

Business • 28 Sep 23

PepCo Group owns the Dealz, Pepco and Poundland brands

PepCo Group CEO resigns as firm lowers EBITDA guidance

European discount retailer Pepco Group said today that CEO Trevor Masters will resign from the role with immediate effect, without providing a reason for the decision.

Business • 12 Sep 23

Pepco Group, which owns Dealz, said like-for-like sales rose 2.6% in its third quarter to June 30, after rising 8.5% in the second quarter

Sales growth slows at Dealz parent Pepco Group

European discount retailer Pepco Group has today reported a slowdown in underlying sales growth in its latest quarter, saying it faced a challenging trading environment in April and May, particularly in Central Europe.

Business • 13 Jul 23

Discount retailer Pepco reports tougher trading

European discount retailer Pepco Group has today reported an 11% rise in first-half core earnings as revenue surged 23% but said trading has been tougher in its third quarter.

Business • 06 Jun 23

Dealz owner Pepco said its like-for-like sales were up 11.1% in the first half and up 8.5% in the second quarter

Dealz owner Pepco H1 sales jump as shoppers seek value

European discount retailer Pepco Group has today reported a 22.8% surge in first-half revenue, as its low prices chimed with cash-strapped consumers and it opened a net 166 new stores.

Business • 20 Apr 23

A Dealz store in Mullingar, Co Westmeath

Pepco Group annual profit up 14.3% on store expansion

Pepco Group, the owner of European discount retailer brands PEPCO, Poundland and Dealz, reported a 14.3% rise in annual core earnings today, helped by the opening of 516 new stores.

Business • 13 Dec 22

Pepco Group is the owner of European discount retailer brands Dealz, PEPCO and Poundland

Pepco sees strong demand despite economic uncertainty

Pepco Group, owner of European discount retailer brands Dealz, PEPCO and Poundland, said today that demand for its products remains strong even against the backdrop of macroeconomic uncertainty.

Business • 12 Oct 22

The European discount retailer said it was on track for another good year

Pepco revenue rises as shoppers lean on discount stores

Dealz and Poundland owner Pepco Group has today posted a 17.1% rise in third-quarter revenue as cash-strapped shoppers fuelled demand at its expanding chains of discount stores.

Business • 14 Jul 22

Pepco Group owns European discount retailer brands Dealz, PEPCO and Poundland

Dealz owner's price pledge as first-half sales rise

Pepco Group, owner of European discount retailer brands Dealz, PEPCO and Poundland, has pledged to "protect prices" for cash-strapped shoppers.

Business • 21 Apr 22

The Dealz product code for the Bella City Chic Doll is 452987 and the batch number is 2007

Dealz recalls thousands of dolls over 'chemical risk'

The retail chain Dealz is recalling thousands of toy dolls due to a "chemical risk".

Ireland • 15 Mar 22

The company said the acquisition of Poundshop.com for an undisclosed sum, will provide the infrastructure to power a national roll-out of its own pilot ecommerce operation

Dealz plans to launch online shop in Ireland

Dealz has acquired online discount retail business, Poundshop.com, and plans to roll out an online service in Ireland.

Business • 01 Mar 22

Pepco said its first-quarter revenue from October to December was €1.35 billion, with like-for-like sales up 0.7%

Pepco Group's Q1 revenue rises by 12%

Pepco Group, the owner of Dealz, PEPCO and Poundland discount retailer brands in Europe, posted a 12% rise in its quarterly total revenue on a constant currency basis.

Business • 13 Jan 22

Dealz owner Pepco Group listed on the Warsaw stock market in May with a valuation of €5 billion

Pepco CEO Bond to step down because of health reasons

Pepco Group, the owner of European discount retailer brands Dealz, PEPCO and Poundland, said today that its chief executive Andy Bond will step down at the end of March because of health reasons.

Business • 05 Jan 22