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Pepco opens milestone 3,000th store

Pepco Group, the owner of the Poundland, Pepco and Dealz retail brands, has reached a milestone opening of its 3,000th Pepco store. The shop in Berlin forms… View Article

GENERAL MERCHANDISE

Pepco opens milestone 3,000th store

Pepco Group, the owner of the Poundland, Pepco and Dealz retail brands, has reached a milestone opening of its 3,000th Pepco store.

The shop in Berlin forms part of the company’s pan-European store opening programme. Pepco currently has four stores in Germany, with more in the pipeline.

After launching in Greece in October, the Pepco brand now operates in 17 countries with growth of 1,000 stores since June 2020. This growth is set to continue with plans to launch the Pepco brand in Portugal on track for spring 2023.

Pepco offers clothing for women, men and kids as well as homewares, toys and cosmetics.

Trevor Masters, chief executive of Pepco Group, said: “Pepco is one of Europe’s most compelling physical retail growth stories and this landmark opening in Berlin further underlines our confidence in the group’s strategy. The whole of Europe is now an addressable market to us, and we will continue our profitable store opening programme – which remains our biggest source of value creation – to capitalise on this opportunity.”

Pepco Group is planning to open at least 550 net new stores in FY23, primarily through the Pepco brand, while also expanding the presence of its Dealz brand mainly in Poland. In addition, Poundland is planning to introduce five new stores, two extensions and one relocation on 10 December in a move that will create 160 new UK jobs in one day.

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