Poundland owner’s sales climb as it navigates ‘challenging environment’
Poundland parent Pepco has reported a rise in second-quarter sales as it successfully steers its way through a “challenging environment”.
Pepco Group, which owns Dealz as well as Poundland and Pepco, reported total revenue of €1.18bn (£1.04bn) in the period to March 31.
Poundland’s like-for-like revenue was up 5.7% while Pepco reported a 10.7% increase, despite the retailer’s concerns over the “challenging environment” and a continued rise in inflation in central Europe where it has a big presence.
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