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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 ]
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]
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 ...
Dealz expanded to these British islands because it was offering Poundland products for £1 and £1.20. In September 2012, a store opened in Kirkwall, but this became a Poundland/Pep&Co store on 26 May 2018. [8] In 2022, a trial began in Ireland where some Dealz stores were transformed into Pepco. [9] [10]
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 ...
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]
Matalan Retail Ltd is a British clothing, homeware and toy retailer based in Knowsley, Merseyside, founded by John Hargreaves in 1985.. In August 1988, its operations director at the time, Duncan Sullivan, transformed Matalan into an out-of-town warehouse-style, membership-only cash-and-carry business, inspired by Sam's Club in the United States.
Joseph "Pep" Simek Sr. (November 13, 1926 – February 18, 2013) was an American businessman who co-founded, along with his brother Tombstone pizza, a widely available American brand of frozen pizza. [ 2 ] [ 3 ]