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Since 2023 Poundland and Dealz stores have been phasing out their own brand and previous "Pep&Co" branded products and clothing, replacing them with Pepco branded ranges. This transition was seen as a potential cause for a dip in like-for-like sales at the group in 2024 [ 27 ] [ 28 ]
Pep&Co was a British discount fashion retail chain, owned by the South African company Pepkor (a wholly owned subsidiary of Steinhoff International) and based in Watford, England. Pep&Co opened their first store in the Newlands Shopping Centre in Kettering, Northamptonshire in July 2015. The retailer opened their first 50 stores in 50 days, an ...
Poundland also sell large quantities of their stock to other retailers off-the-shelf, where it is cheaper for these retailers to pay £1 each for a bulk purchase than it would be to pay a discounted bulk-purchase rate elsewhere. [19] From 2016, Pep&Co clothing items were sold in Poundland branches, although at prices higher than the £1 single ...
In subsequent years, Steinhoff acquisitions included an £86 million investment in the United Kingdom's Homestyle Group, in 2005; and, in 2011, a $1.2 billion investment in French Conforama, Europe's second largest retailer of home furnishings, with over 200 stores in France, Spain, Switzerland, Portugal, Luxembourg, Italy and Croatia; and, in 2013, the acquisition of Austrian home retailer ...
Dealz is a chain of discount store operating in Poland, Ireland and Isle of Man. [3] Known as the "European version of Poundland" [4] and operated by the same parent company, Pepco Group, it offers a range of general merchandise products, the majority of which are at the fixed price of Polish złoty, euros and pound sterling currencies.
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]