Pepco Group news and archive

Pepco Group reports positive momentum in half-year trading update

Luxembourg-based variety discount retailer Pepco Group has announced a pre-close trading update for the first six months of its 2026 financial year. The group reported continued growth in revenue and gross margin, bolstered by a strong performance in its largest market, Poland, and double-digit growth in Western Europe. The company, which...

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Fresh start with 36 stores: Pepco Germany ends insolvency proceedings

Last summer, the German subsidiary of retailer Pepco NV filed for insolvency. Following a comprehensive restructuring that included significant cuts to its store network, the discounter is now set for a fresh start in the country. The self-administered insolvency proceedings for Pepco Germany GmbH, which began on October 1, will end on February...

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Pepco Group reports 4.3 percent revenue growth amid strategic FMCG exit

Pan-European variety discount retailer Pepco Group has announced its trading update for the first quarter of fiscal year 2026, ended December 31, 2025. The group reported a 4.3 percent increase in total revenues to 1.40 billion euros (1.63 billion dollars) on a constant currency basis. This growth was primarily driven by the flagship Pepco...

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Pepco Group's strong FY25 results validate return to clothing and general merchandise

Pepco Group N.V., the leading pan-European variety discount retailer, has reported a "real turning point" in its preliminary results for the 12 months ended 30 September 2025. Following the implementation of a new strategic framework in March 2025, the Group delivered strong financial performance driven by a return to its core model of clothing...

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Pepco to close 28 stores in Germany

Following the insolvency filing of the discounter Pepco's German subsidiary in July, the restructuring plan for Pepco Germany GmbH was presented on Tuesday. The plan involves significant cuts to its store network. Pepco Germany to close 28 stores In recent weeks, the management has undertaken “an extensive analysis of the store network in...

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Pepco Group FY25 revenue expected to exceed 4.5 billion euros

Pepco Group N.V. has reported a pre-close trading update for the full fiscal year 2025, with results for the continuing Group (excluding Poundland) expected to be in line with prior guidance. The company anticipates revenues will exceed 4.5 billion euros, driven by continued momentum in like-for-like (LFL) revenues, which are up 2.7 percent for...

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Pepco Germany enters self-administration proceedings

The German subsidiary of the discounter Pepco Group is insolvent. Pepco Germany GmbH filed for self-administration proceedings on July 21 with the Berlin-Charlottenburg Local Court, the retailer announced on Wednesday. The court then ordered provisional self-administration, the so-called protective shield proceedings, and appointed Gordon Geiser...

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Poundland eyeing mass store closures amid ongoing turnaround plan

Poundland is said to be mulling the closure of between 150 and 200 stores amid an ongoing turnaround plan being carried out as its sales process continues. According to the Telegraph, the budget retailer is also eyeing up to 500 sites for rent cuts, with a plan to impose rent reductions on landlords between 10 and 50 percent. Other agreements...

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Pepco Group to spin off Poundland, focus on Pepco brand

To pivot away from its FMCG-reliant segments, Pepco Group intends to actively evaluate all strategic options for separating Poundland from the Group during FY25, including a potential sale, while concurrently managing Dealz Poland to optimize its value in the medium term. This strategic shift is motivated by the financial drag exerted by the...

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Pepco Group continues to address supply chain issues

Discount retailer Pepco Group said that the year-to-date Pepco business was impacted by supply chain issues, affecting the consistent and timely availability of stock in stores. Poundland and Dealz were also affected by the transition to Pepco-sourced clothing and general merchandise, which is being addressed and initial benefits are expected to...

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Pepco Group posts Q3 revenue growth, maintains outlook

Discount retailer Pepco Group’s year to date revenue of 4,681 million euros increased 10 percent at constant currency, while third quarter revenue of 1,481 million euros, increased 8 percent. The company, owner of the Pepco and Dealz brands in Europe and Poundland in the UK reported a like-for-like (LFL) revenue decline of 4.3 percent in the...

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Pepco Group posts Q2 revenues growth, names new CEO

Discount retailer Pepco Group, which owns the Pepco and Dealz brands in Europe and Poundland in the UK, reported second quarter revenue of 1,349 million pounds, up 11.7 percent, while like-for-like sales were down 2.9 percent. In the first half, revenue of 3,200 million pounds with constant currency growth of 11 percent versus last year, while...