Pepco, owner of Poundland, faces freight disruption and costs due to Middle East conflicts, with no expected impact on profits.
Pepco, owner of Poundland, faces extra freight costs and delays due to Middle East disruption, particularly in the Red Sea. This is caused by the ongoing civil war in Yemen and rebel group Houthi's attacks. However, Pepco assures it is managing product availability and does not anticipate any impact on its profits. The company also announced a slight drop in like-for-like sales for the previous quarter and the appointment of an incoming chief executive, Stephan Borchert, starting from July 1.
April 11, 2024
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