×
2 361
Fashion Jobs
JOHN LEWIS
Loss Prevention Partner
Permanent · OXFORD
MULBERRY
Warehouse Supervisor
Permanent · HAMBURG
VIVIENNE WESTWOOD
E-Commerce Studio Operations Manager
Permanent ·
BOOHOOMAN
Buying Admin Assistant - Menswear
Permanent · MANCHESTER
BOOHOO GROUP
Grc Analyst
Permanent · LONDON
BOOHOO
Buying Admin Assistant
Permanent · MANCHESTER
BOOHOO
Buyer
Permanent · MANCHESTER
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots-Liverpool Street, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots-Handforth Dean, Wilmslow - 15 Hours / Week - Part Time, Permanent
Permanent · Wilmslow
ESTÉE LAUDER
Clinique - Consultant - Bentalls, Kingston- 21.5 Hours / 3 Days / Week - Part Time, Permanent
Permanent · Kingston upon Thames
ESTÉE LAUDER
la Mer - Business Manager - Flannels, Meadowhall - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - Boots - Cribbs Causeway, Bristol - 17.5 Hours / 3 Days - Part Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots, Warrington - 17 Hours - Part Time, Permanent
Permanent · Warrington
ESTÉE LAUDER
The Estée Lauder Companies - IT Service Desk Manager UK
Permanent · Fareham
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part Time, Permanent
Permanent · Bishop's Stortford
JOHN LEWIS
Contract Sales Manager
Permanent · DARWEN
PUMA
Cobra Puma Golf - Sales Support Coordinator
Permanent · Castleford
JOHN LEWIS
Loss Prevention Partner
Permanent · LEICESTER
HEAD OFFICE
Team Manager/Chef Victoria Head Office
Permanent · LONDON
Ads
Published
Dec 14, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Pepco prospers on major European expansion drive

Published
Dec 14, 2021

To say Pepco Group is growing fast is an understatement. Opening 483 stores across Europe in just a year was the overriding reason why the owner of the Pepco, Poundland and Dealz discount retail brands produced a stellar sales numbers for the 12 months ending 31 September.


Photo: Sandra Halliday



The group, which also owns the value-priced Pep&Co fashion range, saw overall sales leap 19.4% to €4.12 billion. Underlying like-for-like sales were also “strong”, up 6.5% overall with Pepco and Poundland comp sales up 9.8% and 3.1% respectively.

Core profits (EBITDA) drove 46% higher at €647 million, in line with guidance of €640 million-€655 million, while the gross profit margin increased by 220 bps (FY21 was 42.9% versus FY20’s lower 40.7%). This was “a return to FY19 levels, driven through markdown improvements and product mix despite a backdrop of supply chain headwinds”, it said.

Pepco, which listed on the Warsaw stock market in May with a valuation of €5 billion, now operates 3,504 stores across Europe and the UK/Ireland and said that apart from its continued drive to update stores (954 store renewals completed sop far) it has a “strong” new store pipeline for 2021-22 and beyond. 

And to help finance that continued expansion, the group said it has also completed its refinancing programme to "deliver our planned growth across Europe".

Copyright © 2022 FashionNetwork.com All rights reserved.