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In February 2020, Poundland has begun piloting a broader variety of children's clothes across 50 of its shop-in-shops at Pep&Co. [5] As of 2024, the Pep&Co brand is no longer used, although still appears on some store fronts, it was phased out in store by December 2023. The Poundland and Pepco brands are now used for clothing. [6]
The company was founded in 1956 by Renier van Rooyen. His first chain store opened in 1978, and was the start of PEP Reef. [6] [7] Formerly known as PEP stores the company changed its name to Pepkor Limited in 1982 and PEP stores became a subsidiary company. [1] In 1998, Pepkor acquired Australian retailer Best & Less. [8]
On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain Olympia Sports – the company was founded in 1975, and on July 22, 2022, the company filed for bankruptcy and announced it would close all 35 stores by September ...