Pan-European value retailer Pepco Group has had a reasonably good first half, despite the pandemic, as many stores were able to operate during lockdowns due to them selling essentials as well as non-essential goods.
Steinhoff has postponed the flotation of its budget retailer Pepco due to volatility in global stock markets on the back of the coronavirus. But the delay is also linked to sick leave being taken by Pepco boss Andy Bond
South African retail group Steinhoff reported a 7% rise in sales in its financial first quarter, buoyed by a strong showing from Pepkor Africa and Pepco Group, owner of British discount retailer Poundland.
The final quarter of last year was a good one for Pepco in Europe and reasonably good for its UK Poundland chain, which saw sales rising in the important Christmas period, boosted by the Pep&Co clothing concessions.