Pepco Group, owner of Pepco, Dealz, and Poundland, reported a 2.5% decline in first-half same-store sales and a challenging European trading environment.
Pepco Group, owner of Pepco, Dealz, and Poundland, reported a 2.5% decline in first-half same-store sales, citing a challenging European trading environment. Group revenue reached €3.2B in Q1-Q2, up 11% on a constant currency basis, reflecting 289 new stores. Former GrandVision CEO Stephan Borchert will join as CEO on July 1, with Andy Bond remaining as Executive Chair until October 1. Despite the challenges, the company has seen improvements in gross margins.
April 11, 2024
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