Poundland owner Pepco Group saw revenues jump over the past three months as it was boosted by the firm’s growth across Europe. The rise comes as Pepco’s troubled parent business Steinhoff continues to assess a potential float or sale of the value retail group. Poundland saw like-for-like sales increase by 1.3% for the period, growing its market share “in the context of a weak consumer backdrop”. It hailed a Christmas trading period which saw Poundland record its busiest ever day, with 1.6 million customers served on December 23. Poundland sales were boosted by the “continued strong performance” of the Pep&Co brand, it said.

Source: Irish Independent February 05, 2020 10:41 UTC