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PEP is a multinational retail company based in Cape Town, South Africa. Founded in 1965, PEP operated in 11 countries in Southern Africa with the opening of an outlet in Lobito, Angola in November 2008. [2] As of November 2009, the company reported over 1400 stores in operation, with total employment equalling 14,000 employees. It also owns and ...
PEP retail stores focus on selling clothing, footwear, textiles, homeware, and cellular products to the lower end of the market that aims to sell items at the lowest possible price in large volumes in both rural and urban areas. They are Pepkor's largest and first subsidiary, with over 1,500 stores in countries across Southern Africa. [16] [17 ...
Pepco is a Polish variety store chain with stores across Europe. It is part of the London headquartered and Polish listed 'Pepco Group' alongside sister brands Poundland and Dealz . [ 3 ] Pepco stores account for most of the group's stores with 3500 branches across Europe (out of a total of 4600), [ 1 ] and has replaced Dealz (in format and ...
Pep&Co opened their first "store-in-a-store" in March 2017, when they utilised space in an existing Glasgow Poundland store without affecting the range offered by the parent store. [1] The chain announced in November 2017 that it planned to expand into the Republic of Ireland by opening a "significant number" within Dealz 's stores.
The Shoprite Group of companies was established when PEP Stores purchased a small grocery company with eight stores from the Geller and Rogut families in 1979. [3] [4] In 1990 Shoprite opened in Namibia. In 1991, it acquired the national Checkers chain. In 1995 the first store in Lusaka, Zambia, was opened.
In other cases, the merchant is assessed "counter rent" for a "store-within-a-store" concept, common in the cosmetics industry, but also not unheard of in clothing. In other cases, the vendor agrees to buy back unsold merchandise from the retailer — this is a common arrangement for higher-value seasonal clothing, like designer coats.